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Talking tougher by the hour, livid Democrats confronted beleaguered insurance giant AIG with an ultimatum Tuesday: Give back $165 million in post-bailout bonuses or watch Congress tax it away with emergency legislation. ...more
March 17, 2009
As they prepare to open a two-day meeting Tuesday, Federal Reserve policymakers are weighing whether to launch new programs or expand existing ones to spur lending, get Americans spending again and lift the country out of recession. ...more
March 16, 2009
Charles Dickens, who visited in 1842, described Washington as a "city of magnificent intentions" because of the incongruity between the city's grand aspirations and muddy, swampy actuality. Today Washington's discrepancy is not architectural but political. It is between the extraordinary powers and competences the administration claims it has and the administration's inability to be clear or plausible about what it is doing. ...more
March 15, 2009
A stunning about-face in bank shares handed the stock market its best week since November. ...more
March 14, 2009
Have you noticed how many extinct words are working their way back into everyday conversations? Words like economize, budget, save and no, as well as brief phrases such as "just one" or "a small one please." ...more
March 6, 2009
Suncoast Schools Federal Credit Union and GTE Federal Credit Union, two of the Bay area's biggest credit unions, plan to merge, the companies announced Tuesday. ...more
March 6, 2009
Geoff Karlavage's plane had just touched down in Las Vegas in August 2007 when he learned that the mortgage lender he worked for was shutting down. ...more
March 1, 2009
We have absolutely no control of what the government, big business and nature has in store for us. Each of these entities has gotten so big and uncontrollable that they can do anything they desire and the general public takes a beating financially and emotionally. ...more
February 26, 2009
WASHINGTON (AP) - The White House on Friday insisted it's not trying to take over two ailing financial institutions, even as stocks tumbled again. ...more
February 22, 2009
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