Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators Thursday night in an 11th-hour bid to prevent the largest bank failure in American history. ...more

September 26, 2008

As officials in Washington raced to put together a bailout plan for the nation's teetering financial system, Sen. John McCain hammered Sen. Barack Obama as part of the problem while Obama said any rescue should include a new stimulus package for families. ...more

September 20, 2008

WASHINGTON - The Bush administration sketched out a multifaceted effort on Friday to confront the worst U.S. financial crisis in decades, outlining a program that could cost taxpayers hundreds of billions of dollars to buy up bad mortgages and other toxic debt that has unhinged Wall Street. ...more

September 19, 2008

In another breathtaking display of government intervention, top officials at the Treasury Department and Federal Reserve began discussing with congressional leaders a plan to buy up vast numbers of distressed mortgages held by ailing financial institutions. ...more

September 19, 2008

Another day, but not just another bailout. This one's a stunning government takeover. ...more

September 18, 2008

The field of possible buyers for Lehman Brothers narrowed Saturday, but the parties involved in the discussions over the wounded investment bank's future were at loggerheads over how to finance the rescue. ...more

September 14, 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

Lehman Brothers has approached other major financial institutions about a potential acquisition or investment in the battered securities company, people close to the situation said Thursday. ...more

September 12, 2008

If the government didn't deny it, I'd swear they were trying to get rid of U.S. savings bonds. ...more

September 11, 2008

When the history is written on the collapse of Fannie Mae and Freddie Mac, it will go down in the annals of corporate scandals as one of the greatest accounting scams committed in broad daylight. ...more

September 10, 2008