Mar 23

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After the Treasury Department released its plan today to rid banks of so-called “toxic assets” by enticing private investors to partner with the government, Paul Solman answered questions on the basics of the plan. What exactly are…

Mar 18

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The head of American International Group appeared on Capitol Hill Wednesday amid a furor over bonus pay at the company and told lawmakers that he's called on employees to return a portion the controversial payments.

As the furor continues over millions of dollars in employee bonuses at the failed insurance giant AIG, lawmakers and administration officials in Washington are weighing their options to either block the payments or penalize the company.

Global Financial Leaders, including World Bank President Robert Zoellick and U.S. Treasury Secretary Timothy Geithner, are gathering in London for a G-20 summit and are expected to discuss global financial regulation and taxation issues. Faisal Islam of Independent Television News…