News Stories Related To: Government plans massive Citigroup rescue effort
By: arjun 
WASHINGTON - Rushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken bank and to plow a fresh $20 billion...
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- News Source: Mother Jones | about 1 year agoPerhaps this is stating the obvious, but the big US bailout plan hasn't worked so far. I don't just mean the $700 billion granted by Congress through the Economic Emergency Stabilization Act on October 3...Treasury Secretary Henry Paulson convinced...
- News Source: Washington Post | about 1 year agoGeithner , the president of the Federal Reserve Bank of New York , have for years followed one another in and out of jobs in government and industry. Their close relationships helped pave the way for one of the largest and most dramatic government...
- News Source: The Globe & Mail | about 1 year agoU.S. authorities are throwing an $800-billion (U.S.) lifeline to keep mortgage and consumer credit flowing, pushing the total cost of fixing the broken U.S. financial system to a staggering $7-trillion. The latest infusion comes just a day after the...
- News Source: Asian Wall Street Journal | about 1 year agoTimothy Geithner's nomination as Treasury secretary clouds the political future of Sheila Bair, the high-profile bank regulator who has clashed occasionally with Mr. Geithner over the best way to stabilize the banking sector. The most recent run-in...
- News Source: CNN | about 1 year agoThe Treasury secretary has just $20 billion of unallocated money from the $350 billion Congress put under his charge for the financial bailout package...Treasury has committed the first pile of money -- $250 billion to capital injections for...
- News Source: Truthout | about 1 year agoFederal Reserve Chairman Ben Bernanke. (Photo: Reuters) Some are born radical...That is the way with Ben Bernanke, as he struggles to rescue the American financial system from collapse. Early every morning, weekends included, Bernanke...
- News Source: Simi Valley - Moorpark Examiner | about 1 year agoThe Federal Deposit Insurance Corp. said Tuesday the list of banks it considers to be in trouble shot up nearly 50 percent to 171 during the third quarter - yet another sign of escalating troubles among the institutions controlling Americans'...
- News Source: Miami Herald | about 1 year agoTreasury Secretary Henry Paulson, warning that "millions of Americans cannot find affordable financing for basic credit needs," announced a major expansion of the federal bailout on Tuesday — as much as $800 billion to make mortgages and consumer...
- News Source: United Press International | about 1 year agoTreasury Secretary Henry Paulson said there's no magic bullet to fix the economy and it is naive to assume one piece of legislation could do so. At a news conference to explain the latest moves taken by the federal government to shore up the economy,...
- News Source: CNN | about 1 year agoThe government's watch list of problem banks grew staggeringly in the third quarter, according to a government report on the embattled financial sector released Tuesday...Since home prices began to decline late last year, banks have faced strong...
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