Book deal for watchdog who helped oversee bailout
The man who helped oversee the $700 billion bailout of the financial industry has a book deal. Neil Barofsky, the Special Inspector General of the controversial TARP program from 2008-2011, has an...
View ArticleBellavia’s Chrysler lawsuit attracts more dealers
Following a February ruling allowing disenfranchised Chrysler dealers to sue the United States Treasury for violating their Fifth Amendment rights, the number of dealers suing the government has...
View ArticleTreasury changes Fannie and Freddie bailout deal
The government is changing the terms of its bailout agreement with Fannie Mae and Freddie Mac in a way that will shrink the holdings of the two mortgage giants more quickly and will require payment to...
View ArticleAIG to sell $2B in AIA shares, repay US gov’t
American International Group Inc. said it's selling part of its stake in Asian insurer AIA Group and plans to pay off more of its loans from the U.S. government.
View ArticleAIG raises $2B from sale of AIA stock
AIG said late Thursday that it will use the net proceeds for general corporate purposes, which includes possible buybacks of its own shares.
View ArticleUS government no longer has majority stake in AIG
The bailed-out insurance company said Friday that the Treasury Department had wrapped up a planned sale of AIG stock, which netted the government roughly $20.7 billion.
View ArticleOfficial: Greece gets 2-year extension on bailout
Greece’s Finance Minister claims the country has been granted an extension from international rescue lenders to meet the terms of its bailout program, signaling progress after weeks of talks to secure...
View ArticleAIG board weighs suing US over bailout
AIG Inc. said its board of directors will weigh whether to take part in a shareholder lawsuit against the U.S. over the government's $182 billion bailout.
View ArticleOfficials debate high pay at bailed-out firms
Government officials argued Tuesday over whether pay is still too high for top executives at bailed-out companies like AIG, General Motors and Ally Financial.
View ArticleMerger of Fannie, Freddie’s bond units proposed
The federal regulator overseeing Fannie Mae and Freddie Mac is proposing a plan to merge the two mortgage giants' divisions that issue securities backed by loans.
View ArticleObama to tout economy while marking Lehman fall
For Obama, the anniversary of Lehman's bankruptcy in 2008 is an opportunity to confront public skepticism about his stewardship of the economy.
View ArticleFreddie Mac earns $30.5B in 3Q; repaying bailout
Freddie will have repaid its full government bailout after paying its third-quarter dividend.
View ArticleGovernment sells remaining stake in GM
The U.S. government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse.
View ArticleWhite House: Stimulus bill was good for economy
The stimulus bill saved or created an average of 1.6 million jobs a year for four years through the end of 2012, according to a White House economic adviser.
View ArticleTranscripts show Fed grappling with 2008 crisis
On Friday, the Fed released hundreds of pages of transcripts covering its 14 meetings during 2008 — eight scheduled meetings and six emergency sessions.
View ArticleFed proposing big US banks boost capital cushions
The proposed requirements are aimed at lessening the chances of future taxpayer bailouts of troubled banks.
View ArticleUS stocks open lower after Greek ‘no’ vote on bailout
U.S. government bond prices rose early Monday as investors sought safe places to park money.
View ArticleNew Greek deal has wide repercussions for euro
The latest from Greece's financial crisis
View ArticleOfficials debate high pay at bailed-out firms
Government officials argued Tuesday over whether pay is still too high for top executives at bailed-out companies like AIG, General Motors and Ally Financial.
View ArticleMerger of Fannie, Freddie’s bond units proposed
The federal regulator overseeing Fannie Mae and Freddie Mac is proposing a plan to merge the two mortgage giants' divisions that issue securities backed by loans.
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