$700 Billion Bank Bailout (2008)

WASHINGTON — Sen. Elizabeth Warren, the newest member of the Senate Banking Committee, waited patiently for her first chance to question top financial regulators at a recent hearing on Capitol Hill. When her turn finally came after 90 minutes,...

By Tom Hals May 10 (Reuters) - A report on Friday could embolden creditors of bankrupt mortgage lender Residential Capital LLC to pursue billions of dollars of cash that its parent, Ally Financial Inc, had planned to use to repay a U.S. government...

It's about time. Five years have passed since the financial crisis struck. And only now do Wall Street executives seem to be gaining awareness that many potential clients have lost trust in them and the stock market, and have been voting with their...

WASHINGTON — Sen. Elizabeth Warren (D-Mass.), a darling of liberals who has been mentioned as a potential 2016 presidential contender, had kept a deliberately low profile since her election in November. In less than five minutes last week,...

WASHINGTON (AP)— A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven’t repaid from the financial bailout, and some of that will never be recovered. The bailout launched at the height of the financial...

General Motors is re-investing in the Fairifax Plant in Kansas City, Kan. The company plans to make $20 million worth of changes to the plant to help with their building of the Buick Lacrosse. They're adding E-assist technology which will help make the...

Good Tuesday Morning, Fellow Seekers. Welcome to (yet) another rainy day here in the seat of government. Before we get into the usual mix of news, headlines, gossip and half-truths you've come to expect from us, we wanted to get......

Midway through the HBO docudrama "Too Big to Fail," the head of the Federal Reserve Bank of New York despairs that ordinary Americans "have no idea the whole thing is about to fall down." He's referring not to the stock market, which already was plunging...

Neil Barofsky, leaving his job as watchdog of the Treasury Department's $700-billion Troubled Asset Relief Program, is taking a few shots at Treasury Secretary Timothy F. Geithner on his way out the door. Barofsky, the special inspector general for the......

The Treasury Department has recovered 70% of the money distributed under the $700-billion bailout fund after American International Group paid back $6.9 billion of the money it owed. AIG made the repayment Tuesday after selling its holdings in MetLife...

Michele Bachmann of Tea Party Express says, 'Instead of a leaner, smarter government, we bought a bureaucracy that tells us which light bulbs to buy...

Neil M. Barofsky, the outspoken special inspector general who has been the top watchdog of the $700-billion financial bailout fund, submitted his resignation to President Obama on Monday. Barofsky often has been sharply critical of the way the Treasury...