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Bailout Plan

First batch of bailout money for banks moving soon

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The government prepared Monday to move the first batch of bailout money to banks as fretful world markets plunged again. Wall Stree...

Treasury To Extend Bailout Funds To Insurance Companies

Washington Post | David Cho, Zachary A. Goldfarb and Binyamin Appelbaum | Posted 05.25.2011 | Business

The Treasury Department is working on ways to broaden its $700 billion bank rescue program to help insurance companies that are a critical backstop to...

Greenspan denies blame for crisis, admits 'flaw'

AP | MARTIN CRUTSINGER and MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Badgered by lawmakers, former Federal Reserve Chairman Alan Greenspan denied the nation's economic crisis was his fault on Thursday...

Dow sinks 514 on louder warnings of a recession

AP | ELLEN SIMON | Posted 05.25.2011 | Business

NEW YORK — Now what? After three days of relative calm, turbulence returned to Wall Street on Wednesday. Louder warnings of a deep recession and...

Fallout from financial crisis hammers housing

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The nation is on track to build fewer homes this year than at any time since the end of World War II, adding to the woes of an econ...

JPMorgan's Dimon Talks About His New $25B

DealBook | Posted 05.25.2011 | Business

"We did not think JPMorgan should be selfish or parochial and try to stop what is good for the system," he said. Of course, there have also been repo...

Morgan Stanley CEO John Mack Talks About Paulson Meeting On CNBC (VIDEO)

CNBC | Posted 05.25.2011 | Business

Morgan Stanley CEO John Mack, one of the financial institution CEOs called in for a meeting with Treasury Secretary Henry Paulson, appeared on CNBC th...

Paulson: Investing In Banks Will Give Taxpayers "Maximum Bang"

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

The economy lurched deeper into the doldrums Wednesday and took the stock market down with it, sending the Dow Jones industrials to a staggering 733-p...

The Offer They Couldn't Refuse: When Paulson Met With Big Bankers

New York Times | Mark Landler and Eric Dash | Posted 05.25.2011 | Business

WASHINGTON -- The chief executives of the nine largest banks in the United States trooped into a gilded conference room at the Treasury Department at ...

Government Investing In Banks Bold, But Not Totally New

New York Times | Steve Lohr | Posted 05.25.2011 | Business

The high-stakes program is intended to halt the worst financial crisis since the 1930s. If successful, it could long be studied by historians as a tex...

Bank Of New York Will Oversee Bailout Fund

New York Times | Eric Dash | Posted 05.25.2011 | Business

The Bank of New York was named the master custodian firm overseeing the Treasury Department's bailout fund, the agency announced Tuesday. The master...

Stocks pull back as profit-taking sets in

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street ended a relatively calm session with a moderate loss Tuesday as investors, while happy with the government's plans to spe...

Bernanke Wall Street Journal Op-Ed: Laying Groundwork For Recovery

Wall Street Journal | Ben S. Bernanke | Posted 05.25.2011 | Business

History teaches us that government engagement in times of severe financial crisis often arrives very late, usually at a point at which most financial ...

US Treasury To Invest In Nine Banks, Including Citigroup, BofA

Bloomberg News | Posted 05.25.2011 | Home

The Bush administration will announce a plan to rescue frozen credit markets that includes spending about half of a total of $250 billion for preferre...

Big Bottom

Jamie Lee Curtis | Posted 05.25.2011 | Politics
Jamie Lee Curtis

The American dream is NOT that everyone is entitled to credit based on no ability to pay it back. It is based on the idea that anyone can try, to be free from persecution, and can, if they work hard, build a life.

AIG Spa Holiday

Jeff Danziger | Posted 05.25.2011 | Politics
Jeff Danziger


"Free Market?" R.I.P. and Good Riddance!

Warren Goldstein | Posted 05.25.2011 | Business
Warren Goldstein

Not only are there no "free markets" on Wall Street--there never have been. There have only been institutions and markets receiving varying degrees of protection from the mass of American citizens.

Obama's New Deal for America

Amb. Marc Ginsberg | Posted 05.25.2011 | Politics
Amb. Marc Ginsberg

I believe now is the time for Obama to consider a bolder and more historic approach to the financial crisis by presenting to middle income Americans a step-by-step "big think" FDR-style New Deal program.

Federal Reserve Unveils Short-Term Loan Plan

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The Federal Reserve is providing more details about when it will make billions of dollars in short-term loans available to squeezed...

Bin Laden Used a Similar Strategy to Decimate American Capitalism as Reagan Used to Hasten End of Soviet Communism

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

Both men used the same strategy: scare them into an arms race which they couldn't afford and which would undermine the very fabric of their economic, social and political system.

The Bailout Passed, But Will It Work?

CNN Money | Tami Luhby | Posted 05.25.2011 | Business

The $700 billion bailout plan signed into law Friday may get banks to start lending to each other again. But it remains to be seen how long that will ...

Do Bailouts Work? Analysts Explore Which Do And Which Don't

Clusterstock | Henry Blodget | Posted 05.25.2011 | Business

Do banking-system bailouts work? Yes. But some work better than others. They're also mind-bogglingly expensive. Unfortunately the current Hanke-Panke...

Like A Clearance Sale: What Does Wall Street Think Of The Failout?

Wallstrip | Posted 05.25.2011 | Business

Wallstrip's Julie Alexandria hit the street to see what people in New York think of the bailout plan -- and its failure in the House of Representative...

Main Street and Wall Street -- We're in This Together

Tom Donohue | Posted 05.25.2011 | Business
Tom Donohue

The defeat of the financial rescue plan in the House of Representatives on Monday dealt a needless blow to an already faltering economy. Investors lost $1.2 trillion in wealth.

Marketing for Grownups: Selling the Rescue Plan

Alan Fein | Posted 05.25.2011 | Business
Alan Fein

Bush noted that the effect of just Monday's drop in the market capitalization of the stock market was in excess of $1 trillion -- that's right, more than the $700 billion "bailout."