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BAILOUT - Blog Entries 2

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Read the NBR team's thoughts about the bailout and America's financial woes. Then post your comments.

Auto Bailout CompromisePhoto of Darren Gersh.

posted by Darren Gersh, Washington bureau chief on November 21, 2008

Senators from Michigan, Ohio, and Missouri are working late tonight, trying to reach a compromise that would allow automakers to tap into $25 billion in government money that was set aside for retooling plants...+ More

Bailout City Continues...Proposed Auto Rescue Pay Caps Reach Down to $250,000 Photo of Darren Gersh.

posted by Darren Gersh, Washington bureau chief on November 17, 2008

Congress has fired a warning shot on employee compensation and bailouts. Dig into the new language on the Senate's version of the auto industry rescue package...+ More

Why More isn't Being Done to Keep People in Their HomesPhoto of Stephanie Dhue.

posted by Stephanie Dhue Correspondent on November 14, 2008

With so many foreclosed homes already on the market in distressed areas, it's amazing to me that lenders aren't doing everything they can to keep people in their homes...+ More

Viewers Call Out Bankers on Contract Hypocrisy Photo of Darren Gersh.

posted by Darren Gersh, Washington bureau chief on November 14, 2008

Last night I did a story on a clause in the Treasury capital injection contracts that allow the federal government to change the terms on banks after the...+ More


Banks Promise on Executive Compensation and the Fungibility of MoneyPhoto of Darren Gersh.

posted by Darren Gersh, Washington bureau chief on November 13, 2008

Here is my nominee for today's promise that makes no sense: WASHINGTON (AP) -- Executives from four financial institutions that have received a total of $75 billion...+ More

A New Use for the TARPPhoto of Scott Gurvey.

posted by Scott Gurvey, New York bureau chief on November 12, 2008

Oops...I've said that a million times but never with the panache of Treasury Secretary Hank Paulson, who today announced that the $700 billion he got from Congress for a...+ More

Uncle Sam Wants You for Treasury SecretaryPhoto of Susie Gharib.

posted by Susie Gharib, Anchor on November 11, 2008

Everywhere I go these days people ask me whom should President-Elect Obama choose as Treasury Secretary. This was a hot topic of conversation at a dinner party I went to...+ More

TARP Update -- More Lending or More Caution?Photo of Darren Gersh.

posted by Darren Gersh, Washington Bureau Chief on November 10, 2008

Lot's of people have been wondering when some of the money the Treasury is pumping into banks might show up in loans and economic activity. Today, the Treasury urged patience. Neel...+ More

Alan Greenspan and the Adustable Rate MortgagePhoto of Stephanie Dhue.

posted by Stephanie Dhue Correspondent on October 23, 2008

The Alan Greenspan who showed up today before the House Government Oversight and Reform Committee looked older and skinnier than the man who was the "maestro." He sounded...+ More

How Did this Financial Mess Happen? Greenspan Speaks!Photo of Darren Gersh.

posted by Darren Gersh, Washington Bureau Chief on October 23, 2008

A few months ago, I argued that a contributing factor to the financial crisis was an incentive structure that rewarded bankers and traders for taking risks that could undermine the firms that...+ More

Treasury and the Crisis of ConfidencePhoto of Stephanie Dhue.

posted by Stephanie Dhue, Correspondent on October 22, 2008

Covering this financial crisis is frustrating at times. The heads of Standard and Poor's, Moody's and Fitch testified on Capitol Hill today about their role in the mess. It reminds me of hearings after the failures...+ More

Finger Pointing in this Financial MessPhoto of Susie Gharib.

posted by Susie Gharib, Anchor on October 15, 2008

Who's to blame? Who got us into this financial mess? That's a question I've been asked a lot lately. We won't have the answer for years on how the U-S economy got tangled in the worst financial crisis...+ More

Treasury and the Crisis of ConfidencePhoto of Stephanie Dhue.

posted by Stephanie Dhue, Correspondent on October 14, 2008

To cover the Treasury as press, you need either a "hard pass" or to get cleared into the building. I had to get clearance, so last night I sent an email with my personal information to the Treasury contact. Apparently, my... + More

We're All Socialists NowPhoto of Darren Gersh.

posted by Darren Gersh, Washington Bureau Chief on October 14, 2008

Wow, you go away for one day and look what happens. The federal government (partially) nationalizes the US banking system and the stock market soars 11%. Think about that for a minute. The banking system... + More

More Details of Bank Rescue PlanPhoto of Stephanie Dhue.

posted by Stephanie Dhue, Correspondent on October 13, 2008

Details of the latest plan are beginning to circulate. It calls for the U.S. government to buy up to $250 billion dollars in preferred banks shares. A source familiar with the discussions says... + More

Interest Rate Cut Goes GlobalPhoto of Stephanie Dhue.

posted by Stephanie Dhue, Correspondent on October 8, 2008

So much for a "contained" crisis; first the problems were supposed to be contained to subprime loans. That was clearly wrong and so was the idea that this was a U.S. problem... + More



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