The Financial Bailout Fiasco

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.

The Federal Reserve yesterday escalated its massive campaign to stabilize the economy, saying it would flood the financial system with an additional $1.2 trillion.

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.