The Financial Bailout Fiasco

President Barack Obama will do two seemingly contrary things today: deliver remarks about the need to reform the earmarking process in Congress and then sign an omnibus spending bill with several bill

Both AIG and Citigroup get the federal government to agreed to pour in more money $30 Billion for AIG and for Citigroup a preferred to common stock swap that could lead to up to a 36% taxpayer stake.

By LIZ RAPPAPORT WSJ
The creditworthiness of the U.S. is deteriorating more rapidly than most of its triple-A rated brethren.

The following are 2 arguments Tom McClintock made against the HR1 American Recovery and Reinvestment Act of 2009 that passed.

“This is one of the most expensive pieces of legislation Congress has ever approved," McConnell, the Senate Republican Leader

From the US Department of Treasury

The bank had been pressing the government for help after it was surprised to learn that Merrill would be taking a fourth-quarte

Since October, the bank has received $45 billion in cash infusions from the US Treasury, making the US government its largest

After bailing out Wall Street and the U.S.

The Federal Reserve has agreed to reclassify GMAC Financial Services as a bank holding company, aiding the auto lender's effort to gain access to billions in government capital through the Troubled As

(WSJ) (SeekingAlpha) And we thought we'd seen everything.

WASHINGTON (AP) — Citing imminent danger to the national economy, President Bush ordered an emergency bailout of the U.S.