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Too bad that's exactly what most CEOs did, and now they're paying for it.
We shouldn't let self-righteousness get in the way of doing what's needed to save this economy.
Carmen explains how these policies will protect you, your family and your money in this web-only video.
In a record bailout of a private company, the government provided a new $150 billion financial-rescue package to troubled insurer AIG, including $40 billion for partial ownership.
Troubled insurer American International Group posted its largest-ever quarterly loss on Monday, hurt once more by write-downs on assets linked to subprime mortgages and capital losses.
The following is a statement on AIG released by the Federal Reserve on Monday:
Speculation is swirling that Eric Dinallo is on the short list to become the next SEC Chairman. We talked with him about that on Fast Money.
American International Group reduced the amount it owes the U.S. government by another $2.3 billion as the insurer continues to use the Federal Reserve's new commercial-paper-funding program.
American International Group shares rose Friday on a report that the company is working with federal officials to change the terms of its $85 billion loan.
While on the elliptical at the gym the other night I was watching one network newscast and the person on the machine next to me was watching another one.
There's no shame in the job-loss game, especially if you know how to pick yourself back up.
How to find and keep the health insurance that will protect your future.
President-elect Barack Obama has proposed an ambitious plan to reform U.S. health care and get insurance for at least some of the 46 million Americans who now lack it.
Swiss Re, the world's second-biggest reinsurer, reported a surprise third-quarter net loss of 304 million Swiss francs ($263.2 million), hurt by investment losses.
The American International Group is rapidly running through $123 billion in emergency lending provided by the Federal Reserve, raising questions about how a company claiming to be solvent in September could have developed such a big hole by October, the New York Times reports.
That means, if you own the stock, it's time to cash out.
In general, traders and analysts agree that: 1) these insurers have very little short-term debt; 2) do not use much financial leverage; 3) they receive new dollars every day that need to be invested.
The head of the FDIC on Tuesday asked for an increase in premiums that will double the average paid by U.S. banks and thrifts next year to replenish the deposit insurance fund.
Pretty much all of biopharma is caught in the downdraft of the markets today with the notable exception of Dendreon (data) and ImClone Systems (a deal).
Amid the market melee, you may be starting to question the investment strategy behind your battered portfolio, but before you attempt any knee-jerk moves to mitigate risk, consider the impact an uber conservative investment stance might have on your ability to feather your nest egg.
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