Bailouts, Bank Bailout | featured news

The sweeping overhaul of the nation's financial industry is President Barack Obama's answer to the nation's outrage over Wall Street bailouts. But come November if more Americans don't have jobs, Democrats in Congress could very well lose theirs, too.

A grand jury has indicted the chief executive of what was once among the nation's largest independent home-loan providers on 16 counts of bank, securities and wire fraud.

Some top finance firms that got federal aid also increased fringe benefits for their chief executives.

Government-controlled mortgage finance giant says it will request $8.4B from taxpayers to stay afloat.

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.