met life

Four years ago, at the height of the real estate bubble, it seemed like a great idea: buy Manhattan's massive Peter Cooper Village and Stuyvesant Town housing complexes, throw out the existing tenants and raise the rents to market rates, then sit back and collect billions. But on Monday, Tishman Speyer threw in the towel, turning the complex over to creditors in one of the the biggest real estate fiascoes in history.

Now that regulators have completed their examination of financial institutions' balance sheets, the banks that received passing grades are working furiously to return the capital infusions they received from the Treasury Department's $700 billion bailout fund last fall. Nine financial...

Life insurers are expected to be the next recipients of bailout funds from the Treasury Department's remaining $130 billion in TARP funds, according to a story in today's Wall Street Journal. In order to get the money, the life insurers must own a federally insured bank or savings and loan. Life...