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  • Loan Program May Stir Dormant Nuclear Industry Thursday, 24 Dec 2009 | 10:00 AM ET
    Residential homes sit in front of the coal fueled Ferrybridge power station as it generates electricity in Ferrybridge, United Kingdom.

    The nuclear power industry is about to get a big boost. In the next few days, the Energy Department plans to announce the first of $18.5 billion in loan guarantees for building new reactors.

  • Nice Home. Where’s the Rest of It? Wednesday, 23 Dec 2009 | 3:49 PM ET
    Foreclosed Home

    In Nevada and other states hit hard by the housing crisis, stripping fixtures and appliances from homes in foreclosure has become commonplace. Craigslist, the Web site for classified ads, functions as a bazaar where stripped items are sold openly.

  • Allen Stanford Near 'Complete Nervous Breakdown' Tuesday, 22 Dec 2009 | 5:27 PM ET
    Allen Stanford

    Attorneys for accused Ponzi schemer Allen Stanford—who has been in custody without bail since his indictment in June—say their client is in danger of a "complete nervous breakdown," so they are again asking a federal judge to let him go free on bail.

  • President Barack Obama said on Tuesday the White House will seek to cut bureaucratic restrictions so that local lenders can help businesses seize "enormous opportunities" for growth.

  • Stanford Found in Contempt of Court Over Legal Fees Wednesday, 16 Dec 2009 | 6:09 PM ET
    R. Allen Stanford

    A federal judge has found accused Ponzi schemer Allen Stanford and three co-defendants in contempt of court in a dispute over their legal fees.

  • WaMu Seeks to Investigate US Regulators, Others Wednesday, 16 Dec 2009 | 3:44 AM ET

    Bank holding company Washington Mutual has asked a federal court for the power to make the Federal Reserve, the U.S. Treasury, and a long list of other parties turn over documents and witness interviews related to the bank's 2008 collapse.

  • Putting Obama on Hold, in a Hint of Who’s Boss Tuesday, 15 Dec 2009 | 10:43 AM ET
    President Barack Obama, Treasury Secretary Timothy Geithner, and Chair of the Council of Economic Advisors Christina Romer meet with CEO of PNC Jim Rohr, CEO of JPMorgan Chase Jamie Dimon, and other members of the financial services industry at the White House on December 14, 2009.

    Executive compensation, leverage limits and lending standards were all issues that Washington said it planned to change — and when the taxpayers were the shareholders of these firms, it probably could have done so. But now the White House has been left in the position of extending invitations, rather than exercising its clout. And in the figurative and literal sense, it is getting stood up.

  • Busch: Bad Bankers and Policy Monday, 14 Dec 2009 | 10:19 AM ET

    How ironic is it that President Obama is meeting top banks today to get their support for a bill that would undermine their business. And undermine what the President truly wants them to do: lend more to small and medium sized firms.

  • House Approves Historic Financial Overhaul Bill Friday, 11 Dec 2009 | 2:33 PM ET

    The House approved a legislative package of historic sweeping financial reforms Friday, but the vote in the Democratically-controlled chamber was closer than many had predicted.

  • What's In the House Financial Services Reform Bill Friday, 11 Dec 2009 | 1:17 PM ET

    Those trying to follow the last-minute legislative maneuvering around the massive financial services reform bill about to be voted on in the House might benefit from a scorecard. Here's the key provisions and suggested amendments.

  • SEC to 'Vigorously Pursue' Charges Against BofA Friday, 11 Dec 2009 | 12:37 PM ET
    Bank of America

    The Securities and Exchange Commission will continue to "vigorously pursue" its charges against Bank of America over disclosure of bonuses to employees of Merrill Lynch, a top agency official said Friday.

  • Pay Czar Issues New Restrictions on Compensation Friday, 11 Dec 2009 | 12:04 PM ET
    Kenneth R. Feinberg, the Treasury Department's special appointee for executive compensation.

    The U.S. pay czar on Friday issued his latest crackdown on bailout recipients, ruling that cash salaries will be mostly limited to $500,000 for the next tier of top earners.

  • Charities Still Stung by Madoff Scandal Year Later Friday, 11 Dec 2009 | 7:54 AM ET
    Bernie Madoff mugshot

    The leaders of scores of charities around the country, and the world, found themselves living a similar nightmare in the days after Madoff's Dec. 11, 2008, arrest on charges he orchestrated the multibillion-dollar fraud, which affected thousands of investors.

  • In Financial Regulation Debate, A Cramdown Comeback Thursday, 10 Dec 2009 | 1:54 PM ET

    A bankruptcy-court provision for borrowers facing foreclosure is likely to create the greatest noise and have the greatest ramifications for one of the Democrats' signature pieces of legislation this year.

  • House Expected to Approve Financial Overhaul Friday Wednesday, 9 Dec 2009 | 1:15 PM ET

    The House is expected to approve a package of sweeping financial reforms on Friday, according to a Congressional source.

  • Bailout Watchdog: Crisis Response Worked, Somewhat Wednesday, 9 Dec 2009 | 3:58 AM ET
    Financial Crisis

    The government's $700 billion bailout of the financial system helped prevent an all-out panic last fall but hasn't met many of the targets Congress set out, a watchdog panel says.

  • Conrad Black arriving at a federal courthouse on June 18, 2007.

    A lawyer for former media baron Conrad Black urged the Supreme Court Tuesday to overturn his fraud conviction, and several justices asked whether the federal law at issue was too vague.

  • More than 200 investors in Texas billionaire Allen Stanford's alleged Ponzi scheme face a new lawsuit from the court-appointed receiver who is gathering assets from the Stanford empire.

  • Bank of America Executive Under Scrutiny Tuesday, 8 Dec 2009 | 8:20 AM ET

    One of the leading candidates to take the helm at Bank of America has become embroiled in an investigation of the bank’s merger with Merrill Lynch.

  • Should Bailout Savings Fund Job Creation Efforts? Monday, 7 Dec 2009 | 8:05 AM ET

    The Obama administration will lose $200 billion less than expected from the federal bailout program and is looking at using part of the savings to fund new job creation efforts.