Treasury pays $33.56B to 21 banks on Thu Nov 13, 2008 7:31 AM PSTThe government said Monday it has supplied $33.56 billion to 21 banks in a second round of payments from the $700 billion rescue program, and announced a deadline for another 3,800 banks to apply for funds.
Investors deny hindering foreclosure relief on Wed Nov 12, 2008 1:30 PM PSTMortgage industry representatives told skeptical lawmakers Wednesday that investors in mortgage-backed securities are not hindering government efforts to stem an increasing tide of foreclosures.
Frank angry at banks over bailout plans on Fri Oct 31, 2008 2:19 PM PDTThe chairman of the House Financial Service Committee accused financial institutions on Friday of "distorting" the government's $700 billion economic bailout plan by using funds for bonuses, dividends and acquisitions.
Bipartisan heat builds over use of bailout funds on Wed Oct 29, 2008 1:25 PM PDTCongressional leaders made clear Wednesday they do not want money from the financial industry bailout used to boost executives' pay.
Uses for $700 billion bailout money ever shifting on Sat Oct 25, 2008 7:48 AM PDTFirst, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets.
Bailout managers may be buying own securities on Sun Oct 12, 2008 6:08 AM PDTThe government's plan to make sure private managers of a $700 billion bailout plan are free of conflicts of interest is weak, according to some critics, and allows too much room for abuse.
Unregulated swaps hastened Wall Street collapse on Tue Oct 7, 2008 1:58 PM PDTIt can be a fine line between investing and gambling. But in Las Vegas, you know the odds. On Wall Street, that's not always the case.
