BankBailout

JPMorgan Chase's rapid $2 billion trading loss reportedly involved credit default swaps -- the same investments that played such a large role in the financial crisis. Here's why credit default swaps still pose such a threat to the U.S. economy.

Prankster activists the "Yes Men" got the better of Bank of America recently, but the facts they highlighted are serious. Despite massive government bailouts, BofA executives are still putting their own interests above those of their customers.

Whether or not you think the billions invested in saving the financial industry was worth the cost, the banks were saved. And at least one of those bailouts actually turned a big profit.

Last week, Bank of America ignited a firestorm of controversy by choosing to charge its customers $5 a month to use their debit cards. Now, an angry consumer group has called for a federal investigation. Is this overkill or a smart response to what could be a budding disaster for the bank -- and taxpayers?

There's a particularly juicy rumor gaining steam that the Obama Administration plans to tax banks to recoup taxpayer-funded bailouts of banks and more. "I think it's a perfectly reasonable idea," Douglas Elliott, a fellow at the Brookings Institution, a think tank, told WalletPop. "Clearly there...

Getting some of the $700 billion bailout for America's banks looks to be a lot easier than applying for a job at a Portland coffee shop. I didn't believe it until I saw it myself, but applying for a bank bailout in the federal Capital Purchase Program requires only two pages. And I realize that...

We've all been referring to the federal government's Troubled Asset Relief Program (TARP) for banks as the "$700 billion bailout." But last night, BailoutSleuth, Marc Cuban's site created to follow the administration of the bailout reported that our government has spent a whole lot more than that...