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Government Bailout

Solving Chicago's Economic Crisis

Steve Siebold | Posted 05.13.2014 | Chicago
Steve Siebold

The financial nightmare that's been facing Chicago seems to be getting worse. Moody's Investor Services downgraded the city's credit rating on $8.3 b...

Fannie Mae Pays Off U.S. Government Bailout

AP | Posted 04.23.2014 | Business

WASHINGTON (AP) — Fannie Mae posted net income of $6.5 billion from October through December, its eighth straight profitable quarter. Fannie will ha...

This Bailout Could Really Pay Off For Taxpayers

Reuters | Posted 07.07.2012 | Business

WASHINGTON, May 8 (Reuters) - U.S. taxpayers could realize a profit of more than $15.1 billion from the massive government bailout of insurer Americ...

Guess Who's Back? AIG's Profits More Than Double Last Year's

Reuters | Posted 07.03.2012 | Business

* EPS on operating basis $1.65 vs $1.12 expected by analysts * 1st-quarter net income of $1.71/shr, vs 31 cents in 2011 ...

Occupy The Truth: Whistleblowers Conference Rolls Into UC Berkeley

Greg Archer | Posted 04.16.2012 | San Francisco
Greg Archer

An upcoming three-day political huddle, dubbed "Occupy the Truth: Whistleblowers Conference," piqued my interest. Think of it as an advocate/activist/info-gathering fest.

Report: Government Bailout To See Loss Worth Billions

AP | Posted 01.31.2012 | Business

WASHINGTON -- A new report says the government's financial bailout program will see a $23 billion loss in the year that ended Sept. 30, compared with ...

AIG CEO Says He Plans To Stay Longer Than Expected

Posted 12.23.2011 | Business

American International Group Inc (AIG.N) CEO Robert Benmosche has told the company's directors that he would like to remain in his job longer than...

TARP To Cost The U.S. Nearly Double The Initial Estimates: CBO

Posted 12.16.2011 | Business

The government's bailout of banks may cost U.S. taxpayers nearly two times more than originally estimated, according to the Congressional Budget Offic...

We Had an Agreement: The Results of Being Played

Kenneth Kales | Posted 09.12.2011 | Business
Kenneth Kales

We the people were heroic in rescuing so many Type A's and their financial sectors. I say heroic only because our act now seems selfless. It wasn't supposed to be that way. We had an agreement.

Ally Financial Investigated For Mortgage Fraud

Associated Press | Posted 08.29.2011 | Business

DETROIT (AP) -- Ally Financial says it has received subpoenas from federal investigators looking into mortgage fraud. The company also says it will...

U.S. Manufacturing Attempts A High-Tech Comeback

Los Angeles Times | Don Lee | Posted 07.27.2011 | Business

If it succeeds, what's happening in upstate New York could help the whole country meet one of its most difficult challenges: re-creating the kinds of ...

From Outer Space to Underground: NASA's Life-Saving Role in Chilean Miner Rescue

Steve Ressler | Posted 05.25.2011 | Politics
Steve Ressler

99% of the time, the government is doing their jobs in such a way that we don't even notice their heroic work and we take it for granted.

When Fed Signals Stimulus, It's 'Balls To The Walls,' Says Hedge-Fund Manager (VIDEO)

Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

When the Treasury Department announced one of its bank rescue plans in early 2009, few investors besides David Tepper believed the government would ac...

AIG, U.S. Move Closer To Bailout Exit Deal

Reuters | Paritosh Bansal | Posted 05.25.2011 | Business

American International Group Inc and the U.S. government are moving closer to a deal on how the Treasury Department would exit its investment in the b...

How Democrats Can Harness the Public Anger (and Madness) for November

Carla Seaquist | Posted 05.25.2011 | Politics
Carla Seaquist

It's always a mistake to let a ranter rant. Without pushback, the anger takes flight. The question now is: With the public now inflamed in anger, th...

Bailing out the Financial Markets May Hinge on Mental Health Parity

Tom Davis | Posted 11.17.2011 | Healthy Living
Tom Davis

Some say the Senate financial bailout bill is loaded with pork. But that may be the first time anybody's ever implied that ensuring "mental health parity" is pork.

GM Bailout: Can American Taxpayers Get A Return On Their Investment?

DailyFinance | PETER COHAN | Posted 05.25.2011 | Business

There's still a chance that the U.S. could get back the money it invested in saving General Motors from collapse during the recent financial crisis, b...

Budget Chief Nominee Took $900K From Citigroup Post-Bailout

Washington Times | Jim McElhatton | Posted 05.25.2011 | Business

President Obama's choice to be the government's chief budget officer received a bonus of more than $900,000 from Citigroup Inc. last year -- after the...

How Many Workers Can You Buy for the Price of One CEO?

DailyFinance | DOUGLAS MCINTYRE | Posted 05.25.2011 | Business

Not all CEOs are as generous as Apple's (AAPL) Steve Jobs. The company's founder makes a mere $1 a year, while a starting sales associate at one of hi...

Treasury Profits From Citigroup Bailout

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The Treasury Department said Thursday it has raised $10.5 billion from the sale of a total of 2.6 billion shares of Citigroup stock...

Walkng Away

Terry Newell | Posted 11.17.2011 | Healthy Living
Terry Newell

Americans cut their credit card indebtedness by over $93 billion between the end of 2008 and the end of 2009. At first glance a hopeful statistic, th...

Writing Checks Your Body Can't Cash

Gary Liberson, PhD | Posted 05.25.2011 | Politics
Gary Liberson, PhD

I don't like Federal bailouts to groups, states, or companies (I freely and gratefully accept all personal bailouts)! There are five reasons for my stance.

Fannie-Freddie Fix Will Cost At Least $160 Billion, $1 Trillion At Most

bloomberg.com | Lorraine Woellert and John Gittelsohn | Posted 05.25.2011 | Business

The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will ...

Does America Also Need Cultural Health Care?

Rob Patterson | Posted 05.25.2011 | Entertainment
Rob Patterson

The majors were an almost ghostly presence at SXSW 2010. The indies have now seized the day within the leading-edge music market.

Freddie Mac and Fannie Mae Must Marry, Shrink and Change

Jerry Chautin | Posted 05.25.2011 | Politics
Jerry Chautin

But the time is right to merge Fannie Mae and Freddie Mac and form three separate companies. That is the best way to lead the GSEs out of federal conservatorship and repay the taxpayers.