Mortgage Bust - News for the New Depression

WASHINGTON - A financial industry official says the Bush administration has decided to greatly expand protections for the U.S. banking system out of concern for the faltering economy. The official said the administration will use perhaps as much as $250 billion of the $700 billion rescue program recently passed by ...

Last time similar program was used was during the Great Depression WASHINGTON - Treasury Secretary Henry Paulson said Friday that the Bush administration will move ahead with a plan to ...

Apparently one giant executive retreat in a week or so is not enough, AIG needed to have yet another expensive as fuck retreat, because ..uh you know, being bankrupt is stressful. Anyway the decided that maybe now is not the best time for another vacation funded by the US tax payers. [caption ...

Treasury Considers Taking Stake in Banks By DEBORAH SOLOMON WASHINGTON -- The Treasury Department is considering ways to inject capital directly into banks, possibly by taking equity stakes, as the financial crisis continues to worsen. Treasury Secretary Henry Paulson, in ...

AIG hits up Fed for more money Three weeks after an $85 billion bailout, AIG is turning to the New York Fed for additional funding....