$700 Billion Bank Bailout (2008)

by Mark Silva President Bush, addressing the nation at a "deeply unsettling period for the American people,'' vowed today that the government will solve the underlying problems of the financial meltdown that was dragging the Dow Jones Industrial Average...

If you were confused about the new plan to purchase mortgages proposed by John McCain in the last debate, you weren't alone. Apparently, it changed between the time he first proposed it and the time it was explained to reporters......

Another example of how people come to believe completely opposite things about what is going on in the presidential race: Consider the plan McCain unveiled at Tuesday's debate to buy distressed mortgages to help homeowners. As reported, that night......

by William Neikirk A major economic stimulus package, including funds to rebuild the nation's infrastructure, is shaping up as one of the top ideas for responding to the worst financial crisis since the 1930s. Asked to name key measures that......

McCain has been back and forth and back and forth on whether the $300 billion for his mortgage purchase plan will come out of the $700 billion bailout or not. Tonight, it's part of the $700 billion again.......

A second panel hosted by Brian Lehrer includes former Newsday columnist and executive director of Hofstra's National Suburban Center Lawrence Levy; author and contributing editor for Rolling Stone Matt Taibbi; and journalist Aswini Anburajan. As the panel...

by Frank James Have the federal bailouts been biased towards white-collar and against blue-collar workers? That question was starkly raised by Rep. Barney Frank, chair of the House Financial Services Committee, which yesterday heard the chief executives...

It's about time. Five years have passed since the financial crisis struck. And only now do Wall Street executives seem to be gaining awareness that many potential clients have lost trust in them and the stock market, and have been voting with their...

Good Tuesday Morning, Fellow Seekers. Welcome to (yet) another rainy day here in the seat of government. Before we get into the usual mix of news, headlines, gossip and half-truths you've come to expect from us, we wanted to get......

Neil Barofsky, leaving his job as watchdog of the Treasury Department's $700-billion Troubled Asset Relief Program, is taking a few shots at Treasury Secretary Timothy F. Geithner on his way out the door. Barofsky, the special inspector general for the......

The Treasury Department has recovered 70% of the money distributed under the $700-billion bailout fund after American International Group paid back $6.9 billion of the money it owed. AIG made the repayment Tuesday after selling its holdings in MetLife...

Michele Bachmann of Tea Party Express says, 'Instead of a leaner, smarter government, we bought a bureaucracy that tells us which light bulbs to buy...