On CBS' Face The Nation this morning, New York Times columnist Tom Friedman weighed in on the financial crisis and the administration's plans to fight...
Reuters | Glenn Somerville | Posted 04.14.2009 | Business
The Treasury will offer more details in the coming week about how proposed public-private partnerships to take bad assets off banks' books will work, ...
ProPublica | Paul Kiel | Posted 04.12.2009 | Home
The queue of banks seeking bailout money is a long and winding one. They can't even get a "hi there" from Treasury officials, bankers complain. But...
Jon Santiago | Posted 04.11.2009 | Business
I now think the "Main Street" perception of recklessness in the ivory towers of Wall Street, which initially struck me as too emotional and unfounded, is partially accurate.
Sanjiv Gupta | Posted 04.10.2009 | Business
If there is a positive side to the financial crisis, it is this: We can no longer avoid confronting the limits of our democracy when our lives and communities are thrown into violent disarray.
CNN Money | Colin Barr | Posted 04.07.2009 | Business
The government is bracing for a big bank failure. A bill introduced in Congress would give the FDIC, the agency that stands behind Americans' bank de...
Huffington Post | Julie Satow | Posted 04.02.2009 | Business
Bank of America's CEO Kenneth Lewis told the Financial Times the $20 billion in funds he requested in January was a "tactical mistake" that made the c...
David Paul | Posted 04.01.2009 | Business
The problem with these efforts is that they will not fix the fundamental problem, but instead will simply push the problem -- the loss of home equity -- onto the next generation of homebuyers.
AP | RUPA SHENOY | Posted 03.30.2009 | Business
CHICAGO — Responding to lawmakers who chastised the company for its lavish sponsorship of parties and concerts at a professional golf tournament...
AP | MARTIN CRUTSINGER | Posted 03.30.2009 | Business
WASHINGTON — The U.S. government will exchange up to $25 billion in emergency bailout money it provided Citigroup Inc. for as much as a 36 perce...
Mena Trott | Posted 03.29.2009 | Business
During the election there was a lot of talk of not using a hatchet when a scalpel is needed. It seems as if Citibank just brought out their hacksaw and blunt hatchet.
Huffington Post | Julie Satow | Posted 03.29.2009 | Business
Treasury Secretary Timothy Geithner spoke with PBS' Jim Lehrer on Wednesday evening about the Obama administration's economic plans. Among the highli...
CNBC | Posted 03.27.2009 | Business
Nationalizing insolvent US banks is the best solution to avoid a Japan-like scenario in which 'zombie' financial institutions would eat up public reso...
TMZ.com | Posted 03.27.2009 | Business
A bank that received $1.6 billion in bailout money just spent a fortune last week in L.A. hosting a series of lavish parties and concerts with famous ...
William K. Black | Posted 03.26.2009 | Business
Paulson and Geithner's refusal to comply with the law has already cost the taxpayers scores of billions of dollars in unnecessary costs. Geithner indicated Friday that he would continue to flout the law.
Clusterstock | Posted 03.26.2009 | Business
There's plenty of blame to go around for the current financial crisis. But we think there are a number of people (26 to be precise) who are particular...
Huffington Post | Julie Satow | Posted 03.26.2009 | Business
UPDATE: Iberiabank is first bank to return TARP funds it accessed via the CPP program. As Citigroup takes a step closer to nationalization and atten...
C. Nicole Mason | Posted 03.26.2009 | Business
Many Americans bought their homes because they believed in the age old value of homeownership and thought it would make a sound investment.
AP | TIM PARADIS | Posted 03.26.2009 | Business
NEW YORK — Wall Street has turned the clock back to 1997. Investors unable to extinguish their worries about a recession that has no end in sigh...
Tim Berry | Posted 03.25.2009 | Business
Last week we asked business owners about business credit: bank loans, commercial credit, SBA loans, etc. Results were not good, as the numbers (below)...
CNBC | Posted 03.24.2009 | Business
U.S. financial regulators will soon launch a series of "stress tests" to determine which of the largest U.S. banks may need additional capital cushion...
MoneyMorning.com | Martin Hutchinson | Posted 03.23.2009 | Business
We listed the 12 largest U.S. banks by assets, as of Dec. 31, ignoring foreign-owned banks, Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS) (tho...
Henryk A. Kowalczyk | Posted 03.22.2009 | Business
By offering short-term loans, the government would be using taxpayer money wisely to stimulate banks to reform their lending practices.
Hale "Bonddad" Stewart | Posted 03.22.2009 | Business
How do me make the transition from private to public ownership with the smallest amount of disruptions -- especially at a time when the financial markets are hanging on by a thread?
AP | CHRISTOPHER S. RUGABER | Posted 03.20.2009 | Business
WASHINGTON — The 20 largest banks that received government rescue funds slightly reduced their lending to consumers and businesses in the last t...
CBS News | Posted 04.15.2009 | Politics