Oct 28 Reports: GMAC in Talks to Receive Third Bailout from Government GMAC, the consumer finance company and onetime subsidiary of GM, is reportedly in talks with Treasury to receive a fresh lifeline of up to $5.6 billion in aid, on top of the $12.5 billion the government has already injected into… Continue reading
Oct 22 Pay Slashed for Bailed-out Firms' Executives The government has ordered seven firms that received billions in bailout money to dramatically cut compensation to their highest-paid employees. Continue reading
Oct 22 Watch Feinberg Hopes More Companies Adopt Executive Pay Rules The Federal Reserve curbed pay packages for executives of companies that received bailout money in an effort to discourage risky business practices. Jeffrey Brown speaks with executive pay czar Kenneth Feinberg. Continue watching
Oct 21 Obama: Small Businesses to Be Offered TARP Help By Carolyn O'Hara President Barack Obama unveiled plans Wednesday to shift government bailout efforts from Wall Street's banks to Main Street's small businesses by increasing lending and access to credit. Continue reading
Oct 16 Loan Losses Drive Down Bank of America Earnings Bank of America reported Friday that it lost more than $2.2 billion in the third quarter, largely due to loan defaults and credit card delinquencies. Continue reading
Oct 14 Watch Wall Street Set for Record Payouts a Year After Crash Despite heightened scrutiny from both the public and regulators in the wake of the AIG bonus scandal, compensation on Wall Street is set for a record year in 2009. Jeffrey Brown reports. Continue watching
Oct 08 The Personalities and Priorities of Obama's Economic Team By Carolyn O'Hara Ryan Lizza, Washington correspondent for The New Yorker magazine, has penned a new account of how the main players on the White House economic team negotiate their different backgrounds and priorities in crafting high-stakes economic policies. Continue reading
Sep 24 In Case You Missed It: Ahead of the G-20, How Are World Economies Faring? Editor’s note: In anticipation of the G-20 summit that begins today in Pittsburgh, Paul’s segment last night took a look at how the world’s economies are faring a year into the financial crisis. Along the way, he gets some global… Continue reading
Sep 24 G-20 Leaders Urge Financial Reforms, but Dramatic Results Seen as Unlikely By Carolyn O'Hara As the leaders of the G-20 meet in Pittsburgh to discuss how to overhaul the global financial system, countries are calling for a wide spectrum of reforms. But a dramatic overhaul of how the global economy is run may be… Continue reading
Sep 24 Snapshot: Economies of the G-20 By Online DA The financial crisis barreled through industrialized and developing nations, bruising once vital economies, and thrusting unhealthy ones further into decline. With G-20 leaders in Pittsburgh this week, here is a look at where their economies stand. Continue reading