Bank Bailout | featured news

The total taxpayer bill for both Freddie Mac and Fannie Mae is now about $136 billion.

93-5 vote drops $50B fund to cover liquidation costs in winding down troubled financial firms.

The Treasury Department said Monday that it plans to sell up to 1.5 billion shares of Citigroup stock, its latest move to unwind the support it provided big banks during the financial crisis....

A Senate committee on Wednesday passed a proposal aimed at helping protect the economy from future meltdowns and taxpayers from more Wall Street bailouts.

Senator Mitch McConnell said that the proposal would continue government bailouts of big banks.

Top officials say Washington Mutual was largely the victim of the housing downturn. But two former WaMu risk officers tell a Senate panel the failed savings and loan took too many chances.

The Treasury Department said Monday it will begin selling the stake it owns in Citigroup Inc., which could result in a profit to the government of about $7.5 billion. Government received 7.7B shares in exchange for $25B it gave the banking firm during credit crisis.

House lawmakers hold their first hearing about how to restructure the mortgage system.

President Obama’s proposal for a direct tax on banks to pay for future bailouts is gaining momentum in Europe.

An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals that have rocked the U.S. financial sector, according to a Harris poll released on Thursday.