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The Bailout in Barney Frank Videos

Dave Burdick | Posted 05.25.2011 | Business
Dave Burdick

I still have friends asking me about the major events of the bailout -- what happened, why did it matter? Well, I'll turn it over to Rep. Barney Frank to answer those questions.

Dow Starts 2009 Up 258 Points

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street started 2009 with a big rally Friday as investors, brushing aside a disappointing report on manufacturing, sent the Dow J...

Now Where'd I Put That $700 Billion?

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Government officials overseeing a $700 billion bailout have acknowledged difficulties tracking the money and assessing the program'...

When Piggy Banks Fly: Cash-Strapped Shoppers Buy Frugality

Reuters | Posted 05.25.2011 | Business

Recession-wary Americans embraced the virtues of thrift this Christmas, with stores reporting a clear rise in the popularity of piggy banks. "We have...

Street looks to '09 with relief after terrible '08

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — The last trading day of 2008 on Wall Street provided a merciful end to an abysmal year _ the worst since the Great Depression, wiping...

GMAC Will Qualify For Fed Assistance Thanks To Deal

AP | BREE FOWLER | Posted 05.25.2011 | Business

NEW YORK — The financing arm of General Motors Corp. completed a complicated debt deal that fell short of the goal it set for the amount of fres...

6 Years Of Market Gains Wiped Out In 2008

New York Times | VIKAS BAJAJ | Posted 05.25.2011 | Business

All told, about $7 trillion of shareholders' wealth -- the gains of the last six years -- will be wiped out in a year marked by violent market swings....

New Year's Resolution

Roseanne Colletti | Posted 05.25.2011 | Business
Roseanne Colletti

Do you even remember what you resolved to do in 2008? Even if you don't, there's nothing to be gained by beating yourself over the head with the old year.

Credit Is Key To Stopping Financial Crisis In 2009

New York Times | ERIC DASH and VIKAS BAJAJ | Posted 05.25.2011 | Business

The financial crisis began in the credit markets, and eventually it will end there. But as the financial industry rounds out one of the most wrenching...

Retailers Face Wave Of Store Closings, Bankruptcies And Takeovers In 2009

bloomberg.com | Posted 05.25.2011 | Home

U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 yea...

Recession Trend Tracker: What's Hot, What's Not

Jill Keto | Posted 05.25.2011 | Style
Jill Keto

2008-12-29-recessiontrend.jpg

Wall Street Faces Worst Yearly Drop Since 1931

AP | JOE BEL BRUNO | Posted 05.25.2011 | Business

NEW YORK — Investors are preparing to close out the last three trading days of 2008, a year in which Wall Street has logged its worst performanc...

Payday Lenders' Business Booming In Middle Class

Los Angeles Times | Kim Christensen | Posted 05.25.2011 | Business

Americans now pay as much as $8 billion a year to borrow at least $50 billion from payday lenders, by various estimates. That's more than 10 times ...

China's Opportunity: "US Financial System Is Seen As Having Failed"

Wall Street Journal | GERALD F. SEIB | Posted 05.25.2011 | Business

The "Anglo-Saxon brand of market-based capitalism" is under a cloud, Roger Altman, former U.S. deputy Treasury secretary and now chairman of Evercore ...

New Status Symbol: Getting Ripped Off By Madoff

Clusterstock | John Carney | Posted 05.25.2011 | Business

And now the wealthy have a new status symbol: getting ripped off by Bernie Madoff. Because Madoff is said to have only accepted an exclusive group of ...

In Their Own Words: Anatomy Of A Meltdown (SLIDESHOW)

New York Times | JO BECKER, SHERYL GAY STOLBERG and STEPHEN LABATON | Posted 05.25.2011 | Business

WASHINGTON -- The global financial system was teetering on the edge of collapse when President Bush and his economics team huddled in the Roosevelt Ro...

Getting The Most Out Of The Prison Economy

Forbes.com | Kai Falkenberg | Posted 05.25.2011 | Business

So, you're relocating from the boardroom to the prison cell. You certainly won't be needing that country club membership. But even in Club Fed, there ...

We're All Nonprofits Now

Tom Tresser | Posted 05.25.2011 | Chicago
Tom Tresser

In a market economy, if you try to start a nonprofit or dedicate yourself to working for a nonprofit, you get no special credit. You have to pay your bills, same as the next person.

The No-Layoff Approach To Cutting Labor Costs

New York Times | MATT RICHTEL | Posted 05.25.2011 | Business

A growing number of employers, hoping to avoid or limit layoffs, are introducing four-day workweeks, unpaid vacations and voluntary or enforced furlou...

Finding the Bezzle

Jim Randel | Posted 05.25.2011 | Business
Jim Randel

No matter how much money we spend on new government regulators, these police types can never catch all the bad guys. The responsibility is ours

Recession Trend Tracker: What's Hot, What's Not

Jill Keto | Posted 05.25.2011 | Style
Jill Keto

Check back weekly for my "In and Out" chart following the most fabulous, ridiculous, and relevant events in the economy. ...

Madoff Winners May Have To Give Back Earnings, Too

Fortune | Nicholas Varchaver | Posted 05.25.2011 | Business

Should you be penalized if you were smart enough to pull your money out of Bernard Madoff Investment Securities before it imploded in what appears to ...

Paulson Asks For Rest Of $700 Billion TARP Funds

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — Treasury Secretary Henry Paulson said Friday that Congress will need to release the last half of the $700 billion rescue fund becau...

Stocks end bumpy session mostly higher

AP | MADLEN READ and SARA LEPRO | Posted 05.25.2011 | Business

NEW YORK — Stocks finished a bumpy session mostly higher Friday, as investors, while still somewhat cautious about the economy, were encouraged ...

Senate Likely To Grill Geithner On Bailout, Lehman Involvement

Reuters | Posted 05.25.2011 | Business

As president of the New York Federal Reserve Bank, Geithner has worked hand-in-glove with Fed Chairman Ben Bernanke and Treasury Secretary Henry Pauls...