The Obama administration on Thursday unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds. ...more

March 26, 2009

Pointing with dismay to the AIG debacle, the nation's top economic officials argued Tuesday for unprecedented powers to regulate and even take over financial goliaths whose collapse could imperil the entire economy. President Barack Obama agreed and said he hoped "it doesn't take too long to convince Congress." ...more

March 24, 2009

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

"It's hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay," President Obama said ...more

March 16, 2009

Rep. Barney Frank charged Monday that a decision by financially strapped insurance giant AIG to pay millions in executive bonuses amounts to "rewarding incompetence." ...more

March 16, 2009

Oh, I want it. I want it bad. Next week, when Barney Frank starts hauling fat-cat CEOs before his House Financial Services Committee, I want him wearing a barbecue apron. Instead of a gavel, I want him wielding a barbecue fork the size of a trident. By the time the grilling's over, I want . . . I want a lot. ...more

February 8, 2009

The Federal Reserve is taking steps to keep some distressed borrowers in their homes, but it may not make much of a dent in the nation's housing crisis. ...more

January 29, 2009

Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses and other benefits last year, an Associated Press analysis reveals. ...more

December 22, 2008

Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals. ...more

December 21, 2008

Racing to seal a deal with the White House, Democratic congressional leaders dispatched aides Saturday to draft an emergency $15 billion aid package to pull Detroit's Big Three automakers from the brink of collapse. ...more

December 7, 2008