{"id":12384,"date":"2009-04-20T17:00:47","date_gmt":"2009-04-20T17:00:47","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/us_may_convert_banks_bailouts_to_equity_share\/"},"modified":"2009-04-20T17:00:47","modified_gmt":"2009-04-20T17:00:47","slug":"us_may_convert_banks_bailouts_to_equity_share","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=12384","title":{"rendered":"U.S. May Convert Banks\u2019 Bailouts to Equity Share"},"content":{"rendered":"<p>President Obama\u2019s top economic advisers have determined that they can shore up the nation\u2019s banking system without having to ask Congress for more money any time soon, according to administration officials.<\/p>\n<p>In a significant shift, White House and Treasury Department officials now say they can stretch what is left of the $700 billion financial bailout fund further than they had expected a few months ago, simply by converting the government\u2019s existing loans to the nation\u2019s 19 biggest banks into common stock.<\/p>\n<p>Converting those loans to common shares would turn the federal aid into available capital for a bank \u201d\u201d and give the government a large ownership stake in return.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2009\/04\/20\/business\/20bailout.html?_r=1&#038;ref=global-home\" title=\"http:\/\/www.nytimes.com\/2009\/04\/20\/business\/20bailout.html?_r=1&#038;ref=global-home\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Obama\u2019s top economic advisers have determined that they can shore up the nation\u2019s banking system without having to ask Congress for more money any time soon, according to administration officials. In a significant shift, White House and Treasury Department<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=12384\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,583,585,596],"tags":[],"class_list":["post-12384","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-the-2009-obama-administration-bank-bailout-plan","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/12384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12384"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/12384\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}