Posted by Warm Southern Breeze on Friday, December 3, 2010
BMW Headquarters, Munich, Germany - Image via Wikipedia
By Dec 2, 2010 –
Bayerische Motoren Werke AG, the world’s largest maker of luxury cars, secured funds from the U.S. Federal Reserve during the financial crisis to boost liquidity as other sources dried up.
BMW’s largest transaction under the Fed’s Commercial Paper Funding Facility was for $3.62 billion on Jan. 30, 2009, according to data released yesterday. BMW made “intermittent” use of the Fed program for refinancing at a time when other forms of credit were frozen, Mathias Schmidt, a spokesman for the Munich-based automaker, said today.
“We tapped into this program in 2008 and 2009 during the financial crisis …Continue…
Posted in - Read 'em and weep: The Daily News | Tagged: automobile, bail out, bailout, Barak Obama, Berlin, BMW, Bush, car, Chrysler, Commercial paper, Congress, Dubya, economic, economy, Federal Reserve System, financial crisis, Ford, General Motors, George W. Bush, Germany, GM, Harley Davidson, House of Representatives, luxury, motocycles, Munich, Obama, president, Rolls-Royce, senate, South Carolina, TARP, Troubles Assets Relief Program, USA, W | Leave a Comment »
Posted by Warm Southern Breeze on Friday, June 25, 2010
GOMOD – Gulf Of Mexico Oil Disaster
UPDATE: …Continue for some devastating figures…
Posted in - Uncategorized | Tagged: AL, Alabama, Barak Obama, Barbour, Bob Riley, Bobby Jindal, BP, Charlie Crist, Commander in Chief, Crist, Fail, FL, Florida, governor, Gulf of Mexico, Haley Barbour, Jindal, LA, Louisiana, Mississippi, MS, National Guard, Obama, Oil Disaster, Riley | Leave a Comment »