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...
AP | MARTIN CRUTSINGER and MARCY GORDON | Posted 11.23.2008 | Business
WASHINGTON — Badgered by lawmakers, former Federal Reserve Chairman Alan Greenspan denied the nation's economic crisis was his fault on Thursday...
AP | ELLEN SIMON | Posted 11.22.2008 | 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...
AP | MARTIN CRUTSINGER | Posted 11.17.2008 | 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...
CNBC | Posted 11.16.2008 | 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...
DealBook | Posted 11.16.2008 | 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...
New York Times | Mark Landler and Eric Dash | Posted 11.15.2008 | 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 ...
AP | JEANNINE AVERSA | Posted 11.15.2008 | 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...
New York Times | Eric Dash | Posted 11.14.2008 | 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...
Wall Street Journal | Ben S. Bernanke | Posted 11.14.2008 | 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 ...
New York Times | Steve Lohr | Posted 11.14.2008 | 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...
AP | TIM PARADIS | Posted 11.14.2008 | 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...
Bloomberg News | Posted 11.13.2008 | 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...
Jamie Lee Curtis | Posted 11.11.2008 | Politics
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.
Warren Goldstein | Posted 11.08.2008 | Business
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.
Amb. Marc Ginsberg | Posted 11.08.2008 | Politics
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.
AP | JEANNINE AVERSA | Posted 11.07.2008 | Business
WASHINGTON — The Federal Reserve is providing more details about when it will make billions of dollars in short-term loans available to squeezed...
Miles Mogulescu | Posted 11.06.2008 | Politics
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.
CNN Money | Tami Luhby | Posted 11.04.2008 | 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 ...
Clusterstock | Henry Blodget | Posted 11.02.2008 | Business
Do banking-system bailouts work? Yes. But some work better than others. They're also mind-bogglingly expensive. Unfortunately the current Hanke-Panke...
Tom Donohue | Posted 11.01.2008 | Business
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.
Wallstrip | Posted 11.01.2008 | 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...
Stan Goff | Posted 10.31.2008 | Politics
Here's my suggestion for ambitious Republicans facing Democratic incumbents who voted for the bailout -- say no to the bailout, loud and clear -- and call your opponent out for his/her support of Wall Street.
Alan Fein | Posted 10.31.2008 | Business
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."
Washington Post | David Cho, Zachary A. Goldfarb and Binyamin Appelbaum | Posted 11.24.2008 | Business