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Treasury Secretary Timothy Geithner called on Congress Tuesday to grant him new powers to regulate huge financial companies like insurance giant AIG, whose failure would pose a grave danger to the U.S. financial system and the broader economy. ...more
March 24, 2009
If you get an e-mail from the FDIC saying the federal government is here to help you, don't believe it. ...more
October 13, 2008
Ginny Brown-Waite was among the 228 House members who voted against the $700 billion bailout package for the financial industry Monday, calling the measure "embarrassing" and stomach-turning. ...more
September 30, 2008
IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures. ...more
July 12, 2008
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