bailout News
Ex-Fed Chair: AIG’s Collapse Could Destroy Broader Financial System
Former Federal Reserve Chairman Ben Bernanke took the stand on Thursday to defend the U.S. government's bailout of American International Group in 2008, in a fourth day of testimony by former top ...
Ally Financial Allowed to Keep Insurance, Auto Auction Units
Ally Financial Inc., the auto lender majority owned by the U.S. government, won regulatory approval to change its holding-company status, allowing the firm to keep an insurance business and a ...
CEOs Behaving Badly; Performance Graded ‘F’ By Think Tank
With a silhouetted image of a cigar-smoking bigwig reading a failing report card on its cover, a Washington think tank published a study revealing that 38 percent America's top-paid CEOs were either ...Japanese Insurers Eligible for Bailout Funds Under New Law
Japan's parliament endorsed changes in legislation dealing with failed financial institutions as part of efforts by regulators worldwide to avoid a repeat of the global financial crisis. The passed ...
When Bailouts Make Moral and Economic Sense: Friedman & McNeill
Effective or not, bailouts somehow seem unjust. Why use taxpayer money to save the companies that actually caused the meltdown, the banks that made the reckless loans, and insurance companies that ...