Cyprus Proposes to Exempt Small Savers From Tax
Cypriot finance officials are revising a planned financial bailout to relieve small account holders from having to pay a fee as part of a plan to rescue troubled banks.
financial bailout
Was Washington Right to Bail Out GM and Wall Street?
Historians will look back on Washington's bailout of GM and Wall Street as the right move. That's because it's now clear that the costs of doing nothing would have been far higher, and it turns out that taxpayers may suffer only limited losses on this economic Hail Mary pass.
Bailouts of Freddie, Fannie Could Cost Taxpayers $363 Billion
The rescue of mortgage giants Fannie Mae and Freddie Mac could cost as much as $363 billion over the next three years -- more than double the amount spent so far -- the Federal Housing Finance Agency announced Thursday.
A Grab Bag of Consumer Protections
The new consumer finance bureau is making some new rules: Banks can't be too big to fail, taxpayers shouldn't have to pay for corporate mistakes, and consumers need protection from investment firms looking to boost their bottom lines.
