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WALL STREET BAILOUTS
Breaking up banks: Trump is all noiseThe biggest US banks want him to relax capital requirements that limit their leverage.
Federal Reserve moves to bar bailouts of failing firmsFed officials have moved to prevent the central bank from bailing out failing companies, a power it exercised during the 2008 financial cri...
Why bailouts should be accountable to the taxpayer: Michael J Sandel, Professor of Government at Harvard UniversityOccupy Wall Street rose because there was a wide sense of outrage not because people didn't realise but because there was a fundamental inj...
- Bailout firms pay nearly all back taxes owed to US
Companies receiving money from govt's Wall St bailout have repaid almost all $531 mn in unpaid federal taxes they owed. How Europe crisis a...
- US scouts Wall Street bankers to advise on GM IPO: Report
The US Treasury Department is interviewing Wall Street bankers to select an advisor for an initial share sale offer of General Motors Corp,...
- Financial debate blocked for a third time
US Senate Republicans blocked Democrats from starting debate on a Wall Street rules overhaul for a third time this week, saying they want t...
- NY to lose $178 mn in taxes from Wall Street bonuses
David Paterson said on Friday that the loss of tax revenue from just six Goldman Sachs' executives will cost New York $178 million.
- Second half of Wall Street bailout needed: Paulson
US Treasury Secretary Henry Paulson said on Friday Congress would need to free up the second 350-billion dollar tranche of a massive Wall S...
- White House may use Wall Street bailout fund for auto sector rescue
Bush administration is ready to step in and prevent the US auto industry from collapsing after the Senate refused to pass a rescue bill end...
- Wall Street sputters on weak data, bailout doubts
Wall Street stocks struggled to overcome early losses Thursday as a big rise in unemployment claims and a surprising jump in the US trade d...
- Democrats at work to tap bailout for automakers
Democrats for a rescue package to pump $25 bn in emergency loans to US automakers in exchange for a govt ownership. US automakers & global ...
- Leaders around globe welcome US bailout plan
Leaders of some of the world's biggest economies welcomed US lawmakers' approval of a 700-bn-dollar Wall Street rescue plan, calling it a r...
- US regulator extends short-sell ban for financials
Federal regulators have extended an unprecedented ban against all short-selling in the shares of more than 800 financial companies.
- Don't call it a 'bailout': White House
The White House on Tuesday strongly urged the media not to describe its economic rescue effort as a "bailout," calling that a loaded term w...
- Obama, McCain cautiously embrace $700 bn bailout
Both US presidential candidates gave cautious backing to a newly negotiated $700 billion bailout of the hobbled financial industry, while b...
- Top Democrat hopes US bailout deal ready by Saturday
House of Representatives Speaker Nancy Pelosi voiced hope Saturday that an agreement on principle between lawmakers and the White House cou...
- Anti-bailout petitions crop up online
As US politicians wrangle in Washington over a financial rescue package for Wall Street, angry denizens of cyberspace are making their view...