Bailouts | featured news

House members want the eight big banks to increase their lending and explain what they are doing with the taxpayers’ money.

Stocks fall sharply as investors surveyed the details of a three-pronged financial rescue plan.

U.S. Treasury Secretary Timothy Geithner will lay out a bank-rescue plan on Tuesday that will rely on public and private funds to take $500 billion of bad assets off banks' books, sources said.

Obama's new Treasury chief favors aggressive use of all available tools to bolster the U.S. economy.

The $700 billion financial-sector bailout is likely to rely on a broad range of tools, from injecting additional capital into banks and helping homeowners avoid foreclosure to expanding the roles of the Fed, Fannie Mae, Freddie Mac and the FDIC.

Wall Street bankers, with their $18 billion in bonuses, private jets and gaudy conferences, are causing headaches for the GOP.

President Obama has proposed capping compensation for executives at banks that take taxpayer bailout money at $500,000. Republicans hate the idea, which puts them uncomfortably on the side of people currently about as popular as child-porn producers and subprime mortgage brokers.

Ford Motor Co. may have to contribute $4 billion to its pension plan after a 2008 shortfall, a cash drain that risks dragging the second-largest U.S. automaker closer to a federal bailout.

President Obama on Wednesday announced a salary cap of $500,000 for top executives at companies that receive large amounts of bailout money.

Lawmakers and consumer groups skewered the San Francisco bank, which got a $25-billion infusion from the government, after they heard about the event to fete top mortgage salespeople.

Cries for post-bailout accountability resounded at the biggest banks Tuesday as Citigroup Inc. issued a 43-page defense of its lending, a consumer group lashed Bank of America Corp. for throwing a $10-million Super Bowl bash, and Wells Fargo & Co.

Banks collecting billions of dollars in federal bailout money sought government permission to bring thousands of foreign workers to the U.S. for high-paying jobs, according to an Associated Press review of visa applications.