Bailouts, Bank Bailout | featured news

The housing and mortgage markets aren't likely to improve much over the next year, which will make it harder for the government to reduce its support of the sector, Freddie Mac's chief executive said on Monday.

That figure, projected through 2013, represents a worst-case scenario that assumes a double-dip recession, the Federal Housing Finance Agency says. The finance giants have so far received about $148 billion in taxpayer funds.

The former chief executive of Park Avenue Bank pleaded guilty to charges that he attempted to defraud the Troubled Asset Relief Program.

The government's giant bank bailout may well have averted a second Great Depression, economists say, but a lot of voters aren't buying it. Support for the program is turning into a kiss of death for many in Congress.

American International Group Inc and the U.S. government agreed on a plan that would see the insurer repay taxpayers fully for bailing it out at the height of the financial crisis.

As thousands of nervous depositors stampeded the central branch of the beleaguered Kabul Bank, the Afghan and United States governments tentatively agreed to bail out the bank.

American International Group has reportedly scrapped plans to sell a strategic stake in its American International Assurance unit, according to Reuters.

In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.

A House panel finds 'substantial reason' to believe that the Democrat may have broken rules in her dealings with OneUnited Bank. She vows to fight the charges. A congressional panel set the stage Monday for an ethics trial for Rep. Maxine Waters, one of Los Angeles' most enduring liberal politicians, over her actions involving a bank with ties to her husband that received federal bailout funds.

Treasury: 17 banks overpaid execs while receiving billions in taxpayer-funded bailout money.