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The Treasury Department said Thursday it has pumped $29.3 million into 10 banks, which will be the last to receive investments as part of the taxpayer-funded program to shore up the financial system.
Now that the nation’s biggest banks have returned the money the government provided to keep them from collapsing, readers are wondering if those banks needed the money in the first place.
The Obama administration says it is removing the $400 billion financial cap it will provide to Fannie Mae and Freddie Mac to keep the mortgage giants from failing.
WesBanco Inc. says it's completely out of the U.S. Treasury's bank bailout program.
A top executive of American International Group Inc. has been granted a $4.3 million pay-package bump by the troubled insurance giant's majority owner — the U.S. government — because the executive has decided to remain with the company.
The Obama administration is setting aside $30 billion from the financial bailout fund for a range of initiatives designed to encourage lending to small businesses to aid the economic recovery.
Citigroup is nearing a deal with the U.S. government to begin repaying some of the billions in bailout aid it has received, according to a published report.
The Treasury Department has told four bailed-out companies that they can't pay some top earners more than $500,000 cash per year. But it's told the official who made that decision that the rule shouldn't always apply.
The Treasury Department has received $9.45 million in the sale of warrants it had received from TCF Financial Corp. as part of the support the government provided the bank during last year's financial crisis.
General Motors and Chrysler have used the majority of their bailout funds for day-to-day expenses such as payroll costs and payments to suppliers, a government watchdog has found.
Treasury Secretary Timothy Geithner on Thursday defended his extension of the government's unpopular financial bailout as necessary to safely wind down the program.
Treasury Secretary Timothy Geithner told Congress Wednesday that the administration will extend the government's financial bailout program until next fall, saying it's needed to protect against fresh economic shocks.
The government's $700 billion bailout of the financial system helped prevent an all-out panic last fall but hasn't met many of the targets Congress set out, a watchdog panel says.
The Great Bank Bailout of 2008 appears to be winding down — or at least some of the money is flowing back to the U.S. Treasury where it came from. So when the books are finally closed, how much will all this have cost taxpayers?
The Obama administration will lose $200 billion less than expected from the federal bailout program and is looking at using part of the savings to fund new job creation efforts.
The Treasury Department has received $936.1 million in the sale of warrants it had received from JPMorgan Chase & Co. as part of the support it provided the bank during last year's financial crisis.
Citigroup Inc. and Wells Fargo & Co. are seeking to repay billions in federal bailout aid but so far haven't received permission from the government, people familiar with the talks told The Associated Press.
General Motors has returned $140 million of the $290 million it received from the government to support is parts suppliers.
The era of the fame-averse might actually be upon us. “Twilight” star Kristen Stewart, who helped the film franchise gross almost $400 million worldwide, said she doesn’t have an interest in blockbuster-level celebrity.
Taxpayers are unlikely to recover their full investment in General Motors or Chrysler, government investigators said Monday in the latest review to cast doubts that the government will recoup the $80 billion it poured into the two automakers.
GMAC, the former lending arm of General Motors Co., is in talks with the Treasury Department for a third injection of taxpayer aid, a further sign of the U.S. government's entrenchment in the auto industry.
The top financial officer of insurance giant AIG defended the federal government's $180 billion bailout of the company in a return to his alma mater.
The former head of the Obama administration's auto task force expressed optimism Wednesday that General Motors and Chrysler could rebound and help taxpayers recoup some of their multibillion-dollar investment in the Detroit auto companies.
The man who watches over the $700 billion in government money given to banks and other institutions to avert a financial collapse said Wednesday he thinks it's too early to say how much will be repaid to the taxpayers.
AIG Bailout Secrecy Could Mean Geithner TestifiesWASHINGTON - Lawmakers are preparing to investigate revelations that the Federal Reserve Bank of New York, led at the time by Timothy Geithner, pushed for greater secrecy on controversial bailout decisions.
New York Federal Reserve Sought to Limit AIG Bank DisclosuresThe New York Federal Reserve Bank under Timothy Geithner urged insurer AIG in late 2008 to limit disclosures about its payments to banks after getting a $180 billion government bailout, emails released on Thursday showed.
Walk Away From Your Mortgage!Such voluntary defaults are a new phenomenon. Time was, Americans would do anything to pay their mortgage — forgo a new car or a vacation, even put a younger family member to work. But the housing collapse left 10.7 million families owing more than their homes are worth.
Calling Greedy Wall Street Bankers Fat Cats Is an Insult to Cats The fat cats need to placed on a strict diet and we can not trust our elected officials to supervise the diet, it's up to the american people to do so.
By David J. Hudson I am puzzled as to why we have not voted all of our political leaders out of office who have a pattern over the years of voting strictly in favor of corporations over the average American.
How Big Finance Bought Uncle SamTHIS STORY IS NOT ABOUT THE origins of 2008's financial meltdown. You've probably read more than enough of those already. To make a long story short, it was a perfect storm...
Torch Wielding Mob Turns Out To Protest Icelandic Bank BailoutIcelandic lawmakers have proposed the public cough up $5b to pay back England and Holland, to make up for the failed bank IceSave. English and Dutch depositors lost money when the banks failed, and their respective governments compensated those individuals.
MarketWatch Calls Out Fed To Disprove It Is Manipulating Index FuturesIt seems that more and more mainstream publications and individuals are finally making public what has long been the dirty little secret of Ben Bernankes supposed rescue of Wall Street.
Ben Pavone, California Lawyer, Refuses To Pay Bank Of America Credit Card, Threatens To SueSeems like the revolution of the banking system has begun. I have already closed my Bank of America account, have you?
Behind The Real Size of the Bailout: A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street. Mon Dec. 21, 2009 12:23 PM PSTThe price tag for the Wall Street bailout is often put at $700 billion—the size of the Troubled Assets Relief Program.
Is General Motors a bank or a car maker? Since its public downfall in December 2008, General Motors has received $12.5 billion in government aid.
Banks Roll Out New Check, Card Fees The banks are at it again, more fees to replace lost revenue. Well, that's for those who keep their money in the big banks. I am taking mine out on Monday, January 4, 2010.
Mega Giant Corporations Are Very Bad for America Yes, we do have major problems with the "Too Big Too Fail," philosophy and yet our so-called elected leaders sit idly by and do nothing.
Last of bailout cash pumped into banksThe Treasury Department said Thursday it has pumped $29.3 million into 10 banks, which will be the last to receive investments as part of the taxpayer-funded program to shore up the financial system.
2009: The Year Wall Street Bounced Back and Main Street Got ShaftedBut if Wall Street is back on top, the everyday lives of large numbers of Americans continue to be subject to overwhelming trauma, chaos and disruption.
A Society Within A SocietyThe article describes a world within a world within an ivory tower wherein CEOs and the like are still valuable assetts to AIG. Not only do these people act offended when their pay is cut (for incompetence) but they seem to have other places to work as well.
Feminomics: Top Five Heroines of Financial ReformThe role women play in the recovery of our economic standing could be the key to our future success. Read more to find out.
Investors could only lose in Goldman's Caymans deals Recently Financial Times named Goldman Sachs CEO Lloyd Blankfein as its "Person of the year," and now look what hit the news. Goldman Sachs scandals continue to seep out for the public to see and soon boycott this corrupt Wall Street bank.
What's a Bailed-Out Banker Really Worth?Last August, as midnight approached on a Friday, two Treasury Department staff members sat in a cramped basement office in the Treasury Building next to the White House and watched as their e-mail in-boxes filled up.
GMAC to Approach Government for Third Billion Dollar Aid PackageGMAC Inc., the home and auto lender that counts the US government as the largest stakeholder, is discussing with the Obama administration a third bailout of $3 billion to $4 billion, said a person familiar with the matter.
Wall Street Waits as SEC Fails to Bring Madoff-Inspired Reforms Here is another example of the rich and powerful getting what they want. The benefits of lobbyintg for those who have the connections and money.
America the Traumatized: How 13 Events of the Decade Made Us the PTSD Nation I don't want to take away from this article so I would say just click and read.
POLL I am struck today more than ever in how what you believe has taken the place of truth, facts and reality. It seems the lack of historical knowledge as it relates to politics in America is truly astounding among many that post here on the Newsvine.
The Cash Committee: How Wall Street Wins On The HillThis is the perfect example why reform should start by setting term limits on all elected politicians, outlaw lobbying, and re-instating the Glass-Steagal Act.
Congress Considers Reinstating Glass-Steagall Act to separate Commercial and Investment Banking (With Video)A one-page proposal gaining traction in Congress could turn back the clock on Wall Street 10 years, forcing the breakup of banks, including Citigroup Inc.
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