bailouts

Watchdog: Pay Remains 'Excessive' at Bailed-Out Companies

The government's top bailout watchdog accused the Treasury Department on Monday of failing to rein in "excessive" compensation at AIG, General Motors and Ally Financial. Christy Romero, Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, says that the firms don't understand "their extraordinary situations."

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.

AIG Sells Stake in Taiwanese Insurance Company

In a second attempt to sell its 97.6% stake in Nan Shan Life Insurance, a Taiwanese insurer, American International Group has agreed to a $2.16 billion deal with the Ruen Chen consortium.

The Hidden Cost of Big Wall Street Bonuses to Society

Though most Americans wish that Congress would rein in excessive pay on Wall Street, that won't happen while the huge campaign contributions keep flowing. And the financial industry's big money shell game drains away something more precious from our society than money -- it siphons off talent.

Federal Reserve Releases Massive Amount of Bailout Data

The Fed on Wednesday released detailed information about the efforts it took to stabilize financial markets during the recent downturn. The Fed, which is facing increasing criticism from conservatives, defended its actions, and noted that no money was lost on its bailout programs.

AIG Sells $2 Billion in Bonds

Bailed-out insurance giant American International Group sold $2 billion of bonds in its first debt offering since it was rescued in 2008. The offering was an important test of whether investors think the insurer can stand on its own.

AIG Raises $17.8 Billion with Hong Kong IPO

AIG (AIG) raised HK$138.3 billion ($17.8 billion) from the IPO of its main Asian unit, putting the troubled insurer on track to repay its U.S. government bailout. AIG placed 7.03 billion shares at HK$19.68 a share, Bloomberg News said. The shares sold represent a 58% stake in the unit, AIA.

TARP Draws to a Close Next Week, With Lower Costs Than Thought

After countless angry political speeches and the threat of economic collapse, the government%u2019s $700 billion bailout of banks, insurance companies and auto companies draws to a close Sunday - and it will likely cost only a fraction of what was expected. It will be years before it is possible to produce exact figures related to the bailout, which encompassed everything from mortgage finance colossuses Fannie Mae and Freddie Mac to auto company General Motors.

Can U.S. Recoup Its General Motors Investment?

The U.S. government would have to sell all its shares in General Motors at an average price of $133.78 a share in order to break even on its stake in the company. That%u2019s $39.15 higher than the peak price of the old GM%u2019s shares, in 2000, during the peak of the boom in pick up trucks, The Wall Street Journal said.

Two Years After Lehman, Muriel Siebert Warns of Danger Ahead

Muriel "Mickie" Siebert, the grande dame of Wall Street, says that Lehman Brothers should never have collapsed, that government's steps were a necessary evil and that there is a still a need for more regulation. She warns that left unregulated, the markets and the economy could still face turmoil ahead.

Questions Hit Tesla Over Elon Musk's Private-Jet Use

When the millionaire CEO of electric-car startup Tesla flew to Washington, D.C., to secure a $465 million U.S. government loan, he flew on his own private jet. But he billed the money-losing startup for the trip. Legal, yes. Appropriate, no.

Why Politics Makes It Hard to Fix the Banks

Banks are not the enemy. Although many imperfections exist in our financial system, turning banks into a target or a tool for recovery will end poorly. Over time, things will work out in the absence of counterproductive, even if well-intentioned, meddling.