With about half of the federal bailout allocation spent, questions remain about how exactly recipient banks used the money. Analysts give an update on where this $350 billion has gone. Continue reading
In an effort to stabilize the teetering American financial giant, the U.S. government stepped up to help Citigroup by injecting $20 billion in capital and agreeing to shoulder most potential losses for the bank’s high-risk assets. A New York Times reporter and economic analysts discuss the implications of the rescue. Continue reading
As the economic crisis continues to reverberate around the nation, troubles in the housing sector remain key to the upheaval — and many homeowners are facing foreclosure in the interim. Economics experts debate various measures being considered to help homeowners in trouble. Continue reading
President Bush sought to reassure Americans that moves taken by the federal government would be bold enough to ease the financial crisis even as new reports showed further declines in the housing market. Continue reading
With the financial industry still reeling from Monday’s collapse of key institutions, the Federal Reserve pumped another $70 billion into the teetering system Tuesday. Two business journalists discuss the Fed’s relief efforts. Continue reading
Global stocks and the dollar jumped Monday on the news that the government seized control of mortgage giants Fannie Mae and Freddie Mac Sunday in a landmark attempt to stabilize the firms and contain the financial crisis caused by the housing slump. Continue reading
Fannie Mae CEO Daniel Mudd reacts to questions about the stability of the mortgage-lending giant after the government took steps earlier this week to back Fannie Mae and Freddie Mac in order to maintain stability and confidence in U.S. financial markets.