From the BBC:
“Last season, clubs contesting the Champions League proper earned between £4.6m to £20.4m.
In addition, they took home a share of the £237.31m television pot and match-day income, which for the top English clubs is about £3m per match.”
In the followup to the US $700 billion bailout for the nation’s banking and financial institutions (Troubled Assets Relief Program) back in October, the Associated Press contacted 21 banks that received at least $1 billion in government money and asked four questions:
1. How much has been spent?
2. What was it spent on?
3. How much is being held in savings, and
4. What’s the plan for the rest?
None of the banks apparently gave specific answers, but these banks did have something to say. Enjoy and check out the article.
Notable Quotables
JP Morgan Chase, recipient of $25billion of taxpayer funds
“We’ve lent some of it. We’ve not lent some of it. We’ve not given any accounting of, ‘Here’s how we’re doing it’. We have not disclosed that to the public. We’re declining to.”
SunTrust Banks Inc, recipient of $3.5billion of taxpayer funds
“We’re not providing dollar-in, dollar-out tracking.”
Regions Financial Corp., also recipient of $3.5billion of taxpayer funds
“We manage our capital in its aggregate.”
Bank of New York Mellon, recipient of $3.0billion of taxpayer funds
“We’re choosing not to disclose that.” “I just would prefer if you wouldn’t say that we’re not going to discuss those details.”
Comerica Bank, recipient of $2.25billion of taxpayer funds
“We’re not sharing any other details. We’re just not at this time.”
Treasury Secretary Henry Paulson, one of the architects:
“What we’ve been doing here is moving, I think, with lightning speed to put necessary programs in place, to develop them, implement them, and then we need to monitor them while we’re doing this. So we’re building this organization as we’re going.”
