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

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

Since the subprime mortgage troubles exploded into a full-blown financial crisis last year, the three top credit-rating agencies - Moody's, Standard & Poor's and Fitch Ratings - have faced a firestorm of criticism about whether their rosy ratings of mortgage securities generated billions of dollars in losses to investors who relied on them. ...more

December 20, 2008

The government said Tuesday that it will deploy up to $800 billion to make it cheaper for Americans to get a home mortgage, take out a car loan or borrow money through a credit card, as the government's intervention in the financial system expands to directly address the impact of the credit crisis on consumers. ...more

November 26, 2008

The Bush administration's pitch for a sweeping bailout of the financial system has centered on two simple premises: that the economy could suffer a crippling downturn if action is not taken quickly and that this should consist of the government buying troubled mortgage securities from banks and other institutions. ...more

September 26, 2008

A group of conservative Republicans in the House proposed a financial rescue package of tax breaks and a new government-sponsored insurance program for mortgage-backed securities Thursday as an alternative to President Bush's proposed $700 billion bailout of Wall Street. ...more

September 26, 2008

Shares of Washington Mutual staged a late rally Thursday, recouping some of this week's steep losses as investors pumped money back into the banking sector despite ongoing concerns. ...more

September 12, 2008

Fannie Mae and Freddie Mac agreed on Saturday afternoon to the Bush administration's plan to rescue them, people briefed on the plan said. ...more

September 7, 2008

Federal authorities, responding to the subprime-mortgage crisis, have formed a task force to determine whether lenders or Wall Street firms participated in fraud. ...more

May 6, 2008

Congress is set to examine another round of proposals to help consumers and investors survive turmoil in the housing market. ...more

February 25, 2008