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They bring the total loan guarantees granted the bank to 142 billion euros.
Mr. Waxman will talk about several subjects, including Mr. Obama's jobs bill and the investigation into federal loan guarantees granted to Solyndra.
And in another nod to the depth of economic troubles facing Europe, Mr. Almunia also said he would extend European Union approval for the public loan guarantees granted by Madrid to Spanish banks.
Mr. Baggaley noted that US Airways must meet loan covenants on June 30 to comply with the conditions attached to $900 million in federal loan guarantees granted by the Air Transportation Stabilization Board.
In addition to the guarantees granted to sellers, which in some cases this season are said to be even higher than the works' sales estimates, the two companies are buying works of art outright, advancing sellers money ahead of the sales and in rare cases even becoming involved in sellers' real estate transactions.
Henry Waxman (D-Calif ., D-Calif .ette (Diana DeGetteEdward Markey (D-Colo). askEdward Markey of the House Energy and Commerce Committee to include Greenville, Colo.-baskedOpen Range in ithecurrent investigation of federaleader guarantees granted tofthe bankrupt solar panel firm Solyndra.
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NEW YORK TIMES Big Depositors Seek a New Safety Net | On the first day of the New Year, $1.5 trillion of bank deposits lost an unlimited government guarantee granted during the financial crisis, and a scramble is under way to make sure customers do not withdraw large sums out of banks.
In 2011, the plant closed without ever selling a single gallon of fuel, after receiving USDA backing in the form of up to $162m in loan guarantees, grants and loans.
At the same time the equity of the banks is augmented by taxpayers, courtesy of TARP and 9 trillion other dollars of guarantees grants, investments, etc".
Through federal tax credits, loan guarantees, grants, and other mechanisms, "billions of taxpayer dollars have been squandered on an industry that relentlessly seeks additional special interest carve-outs," says Ryan Alexander, president of Taxpayers for Common Sense, a federal budget watchdog organization.
The Fed and Treasury plan to wind down most of these programmes over the next two years, but it is tough to wean investors and banks from federal guarantees once granted.
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