The Financial Bailout Fiasco

Congress just passed and the President signed, a $65 billion extension of unemployment benefits.

BY ALAN GREENSPAN Opinion in the Wall Street Journal

The Obama administration’s “Cash for Clunkers” program is a $1 billion subsidy to the auto industry.

"The CAR Allowance Rebate System (CARS) is a $1 billion government program that helps consumers buy or lease a more environmentally-friendly vehicle from a participating dealer when they trade in a le

When President Obama announced on June 9 that some financial institutions would be allowed to repay Troubled Asset Relief Progr

Having sneaked through the House of Representatives last week, “cap and trade” is now a Senate vote away from becoming part

by Dakota Helphenstine
Catastrophe Book

The House has passed a new bailout bill to hand over $5 billion to the International Monetary Fund and help secure $108 billion in loans to the IMF.

General Motors Corp.

General Motors Corp. on Friday said it received $4 billion in U.S. aid, $1.4 billion more than it had originally requested, as part of its plan to pay suppliers and dealers before a June deadline.

The Treasury Agreed Thursday May 14th to provide GMAC with an additional$7.5 billion in loans. The new aid marks the second time the government has stepped in to prop up the former lending un

After struggle, Chrysler succumbs to bankruptcy

For the first time in history, the United States could have a government-owned automobile company.

Declaring that the country had reached the end of the road with Detroit's automakers, President Obama on Monday mapped a new course for bailed-out General Motors Corp.