bail out

As expected, American International Group (AIG) said Thursday it will sell AIG Star Life Insurance and AIG Edison Life Insurance in Japan to Prudential Financial (PRU) for $4.8 billion. The deal marks yet another step in the bailed-out insurer's efforts to repay the U.S. taxpayer. The total...

After taking a 23 percent pay cut -- which is supposed to go into effect next week -- The Boston Globe's reporters had the pleasure of headlining today's paper with news that its parent, The New York Times Co. (NYT) has hired Goldman Sachs (GS) to find a buyer. Why would anyone want to buy a...

Everyone wants some bailout money, and for most of us the extra $13 a week doesn't seem to cut it, even if it is worth more than last year's stimulus check. This is why you need to apply for your own bailout funds; but how can you know how much to ask for? It's a complicated process but MoneyPath...

I live in Detroit where the meltdown of the American auto industry is up close and personal.My next-door neighbor Paul works for Ford, assembling bumpers. He works an eight-hour shift picking up one bumper after the other and bolting it on. He's one step away from being laid off, even though he has...

The Government Accountability Office (the people who audit the federal government) is already saying that the oversight of the $700 billion bailout is failing. And we're only a couple of months into the massive money grab. In particular, the GAO is saying that the Treasury Department has no idea...

It's almost impossible to get your head around the numbers: $700 billion for "troubled Assets;" $25 billion for the auto industry. $300-some billion to bail out Citigroup.With this last promise, the United States Government has now pledged $7.76 trillion on behalf of American taxpayers to try and...

Before the effects of the first economic stimulus plan can even be felt Democrats are already looking to put together a second stimulus package. This new package would help citizens who are facing foreclosure as well as providing funding for transportation infrastructure. Proponents of the...