PayPal is set to pay $7.7 million in a settlement with the Treasury Department over violations of numerous sanctions programs.» Read More
Letting banks fail is not an option as it will cause a run on all the other banks of all forms of creditors, David Roche, global strategist at Independent Strategy told CNBC.
Even with tens of billions of dollars set aside for foreclosures, the government's efforts to prop up the ailing housing market don't go far enough and as a result are unlikely to yield a full-fledged turnaround.
I can't argue with President Obama's investment advice — a long-term strategy of investing is always wise, and confidence in the future is an important element of any recovery — but jawboning investors to buy won't fix what's ailing this market, says Tony Fratto
Nationalizing banks is a slippery slope which won't do the mired down economy any good, says Wilbur Ross, chairman and CEO of WL Ross & Co.
The Obama administration is doing a much better job with regards to the dealing with the economic crisis than its predecessor says Wilbur Ross, chairman and CEO of WL Ross & Co.
For all the US intervention into business and markets, there’s one thing it still can’t do to stop the bleeding in the financial system.
American International Group should be allowed to go bankrupt because keeping it and other sick financials alive on government support risks ruining the US economy, legendary investor Jim Rogers told CNBC Tuesday.
If jobs weren’t enough to worry about in this recession, for many Americans there’s the added pressure of being able to afford retirement. The relentless decline in stock and home prices is destroying household wealth big time.
The Obama administration is trying to walk a public relations tightrope in aiding the banking industry.
Could it be? And if so, will it continue? Cramer says there’s reason to think it might.
With all the doom and gloom about the financial system, you'd think banks would be failing at a furious pace. They're not. Here's why and how that may be about to change.
float: left;display: inline; font-size:11px; font-face:Arial; border: 1px solid #CCC; line-height:12px; margin-right: 15px; width:100px;/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/bush_andy.jpg110010000truehttp://msnbcmedia.msn.comAndrew Buschfalse1Pfalsefalsefalsefalse left/CNBC/Components/Images/spacer.gif157000lefttruehttp://icnbc.msnbc.msn.comfalsePfalsefalsefalsefalse Andrew BuschGlobal Finance Strategist BMO Financial Group There seems to be a lack of perspective to create a comprehensive vision of where we will end up from these decisions and if this destination is where we want to go, says Andrew Busch.
The man many thought would be "Car Czar" will now be leading the task force looking at how to fix General Motors and Chrysler. Steven Rattner is joining the Obama team as counselor to Treasury Secretary Timothy Geithner.
Plus, Cramer responds to the AIG news and offers China plays.
Surprise, surprise. Citigroup is not quite as healthy as they would have us believe. Turns out that their asset levels as measured by TCE, and maybe other measures for all we know, are lacking. The shoe is dropping as we speak.
Negotiations to have JP Morgan take over Bear Stearns in March of 2008 produced an avalanche of emails from government officials.
As brutal as it sounds, Cramer says, not every bank will make it.
As precious few details emerge from the Treasury department on the $50 billion housing rescue plan, the big banks are temporarily halting foreclosures.
Yesterday's late-day spike as Mr. Lockhart floated a trial balloon of help for home owners is, according to the few bulls around, a sign that there is just as much risk on the upside as the downside.
Some of the nation’s large banks, according to economists and other finance experts, are like dead men walking, the New York Times reported.