bailouts
| 1:45PM 12/01/2010
The central bank says the disclosures cover more than 21,000 individual transactions done to "restore the flow of credit to American families and businesses, and support economic recovery and job creation in the aftermath of the crisis." It also says no money has been lost so far.
| 9:20AM 12/01/2010
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.
| 2:15AM 11/02/2010
General Motors's IPO later this month is expected to raise about $10 billion -- of between $26 and $29 per share -- and to reduce the U.S. government's stake of the company to a minority portion, the Associated Press reports.
| 7:45PM 10/26/2010
The U.S. government's bailout has been less than effective in helping U.S. homeowners avoid foreclosure and could end up costing more than expected, according to a report from the Troubled Asset Relief Program's special inspector general.
| 6:39AM 10/22/2010
AIG (AIG) raised HK$138.3 billion ($17.8 billion) from the IPO of its main Asian unit, AIA, 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....
| 8:30PM 10/05/2010
The federal bailout program will end up costing taxpayers at least 85% less than expected, according to the Treasury Department, which estimates a bill of $30 billion to $50 billion. The Congressional Budget Office initially expected the program to cost $350 billion.
| 9:07AM 10/01/2010
After countless angry political speeches and the threat of economic collapse, the government's $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...
| 7:09AM 9/23/2010
According to a new analysis, 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 automaker. Should U.S. taxpayers be worried?
| 8:00PM 9/22/2010
It's looking less likely that taxpayers will recoup the $50 billion spent to bail out General Motors. A government watchdog says the U.S. Treasury would need to sell its shares for $133.78 each to break even.
| 7:00AM 9/15/2010
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.