Fannie Mae Posts Record $60B Quarterly Profit
Mortgage-backer Fannie Mae will pay a dividend of $59.4 billion to the U.S. Treasury next month, a feat thought unthinkable just a few years ago following a federal bailout.
bailout
The Great Geithner: Ex-Treasury Secretary Gets Bailout Book Deal
The former Treasury Secretary has an agreement with Crown Publishers, an imprint of Random House, Inc. Crown announced Thursday that Geithner's book, currently untitled, is scheduled for 2014 and will provide a "behind-the-scenes" account of the financial crisis.
AIG May Join Bailout Suit Against U.S. Government
The insurer, rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may now join a lawsuit against the government alleging the terms of the deal were unfair. The move would be something of a shock development given that AIG just launched a high-profile television ad campaign called "Thank you, America."
Watch: Romney and Obama Talk About the Auto Bailout
In the final presidential debate, Mitt Romney and Barack Obama discuss the auto industry and focus on the city of Detroit.
Pop Quiz: What Did Washington's Bailout Bonanza Buy for America?
The government's Great Recession bailouts are one of the hot topics of debate this election. But let's skip the rhetoric and run the numbers. If you think you know the facts about the bailouts, or if you're just curious, take a peek at our bailout quiz.
Fannie Mae Posts $2.2 Billion Net Gain for Second Quarter
Fannie Mae earned $2.2 billion from April through June, its second quarterly gain in net income since it was taken over by the government during the 2008 financial crisis.
Fannie Mae Earned a Profit in Q1, Says It Doesn't Need More Aid
Mortgage giant Fannie Mae says it made $2.7 billion in the first quarter, the first time it has had a net income gain since it was taken over by the government during the 2008 financial crisis.
Spain Is Struggling With Its Debt, and You Should Be Worried
Rising Spanish bond yields: If you've heard those four words in the news recently, you may not have paid much attention. But that phrase foretells a potential crisis that could swamp America's fragile economic recovery.
Why America Really Hates Goldman Sachs (Hint: It's Not About 'Muppets')
Last week's broadside from an ex-employee didn't help Goldman's image, but all the to-do ignored the public's real issue with the firm.
GM Posts Record Earnings: Is It Ready to Repay Bailout?
2011 was the most profitable year in General Motors' history. Thanks in large part to the $50 billion government-assisted restructuring it received, GM's U.S. operation is in good shape. So is it ready to fully pay back Washington now? Well, that depends on Europe.
GM's Next Big Problem: Making Europe Profitable
GM made $2.2 billion in North America in the third quarter, but it couldn't expand on that number with earnings abroad. Now the bailed out, revamped and much-improved automaker has to find a way to make Europe profitable -- because the Continent is essential to its global operations.
Resentment Builds Ahead of Bank Transfer Day
On Saturday, tens of thousands will march, protest and move their money out of big banks. But plenty of Americans haven't waited for Bank Transfer Day. For Frank Sheldon of Seattle, his journey to a credit union started in 2008 when his old bank was absorbed by J.P. Morgan Chase.
It's Europe's Fault: They're Holding Back the Recovery
Many European nations have deficits that make the U.S. look thrifty, and over a year after their problems came to light, they're still holding the worldwide recovery back. But because they share the euro, normal solutions aren't available, which means the EU must bite the bullet and accept an orderly default, or watch matters spiral downward.
Why Slovakia Is Making Markets Hold Their Breath
Tiny Slovakia looked set on Tuesday to reject the expanded eurozone bailout upon which global investors were pinning their hopes -- and at this moment, the Slovak Parliament could veto the Continent's plan for economic salvation. How did it it come to this, and what could happen next?