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Bailouts

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  • Fannie Mae Asks US for $2.5 Billion More in Aid Friday, 5 Nov 2010 | 5:25 PM ET
    Mortgage

    Government-controlled mortgage buyer Fannie Mae is asking for $2.5 billion in additional federal aid after posting a narrower loss in the third quarter.

  • 'I'd Approve TARP Again': George W. Bush Friday, 5 Nov 2010 | 1:17 PM ET

    Former President George Bush told NBC in an interview airing on Monday that he believes that TARPfunds used to bail out Wall Street banks in 2008 saved the economy and that he would “absolutely” do it again today, if presented with the same problem.

  • AIG Set to Repay $37 Billion in Bailout Money Monday, 1 Nov 2010 | 8:12 AM ET
    Aig Headquarters

    AIG says it has raised $37 billion from the recent sale of two foreign insurance units to help repay U.S. government bailout money.

  • Anyone else see something wrong with this? Cramer does.

  • Estimated Cost of TARP Lowered to $50 Billion Thursday, 30 Sep 2010 | 3:38 PM ET
    Treasury Building

    The Troubled Asset Relief Program, commonly known as TARP, will cost the U.S. government about $50 billion, far less than originally anticipated but not quite enough to allow the government to break even on the controversial bailout, CNBC has learned.

  • Halftime: Telling that S&P Held 1,131 Monday? Monday, 20 Sep 2010 | 2:09 PM ET

    The traders are keeping a close eye on stocks Monday, after President Obama spoke on CNBC and the S&P held its ground.

  • Amid Blight and Scavenging, ‘Old GM’ Plants Linger Wednesday, 15 Sep 2010 | 11:55 AM ET

    By day, hundreds of General Motors workers make pistons and other engine parts at a factory on this city’s east side. By night, gangs of thieves have repeatedly looted empty G.M. plants on the same property, and have twice fired shots at security guards.

  • Companies May Fail, but Directors Are in Demand Wednesday, 15 Sep 2010 | 10:06 AM ET
    Richard Fuld

    For 16 years, Marshall A. Cohen served as a director of the American International Group, stepping down just months before the company’s near-collapse in 2008. Several months later, Mr. Cohen was again in demand, joining the board of Gleacher & Company, a New York investment bank.

  • Western Economies Face Hyperinflation: Gold Bull Thursday, 19 Aug 2010 | 8:09 AM ET
    Gold

    The decline of the Western economic model will bring about hyperinflation and decades of painful readjustment, Egon von Greyerz, founder of gold investment intermediary Goldswitzerland.com told CNBC Thursday.

  • Double Dip? A Tipping Point May Be Near Sunday, 15 Aug 2010 | 10:19 AM ET

    Like a car spinning its wheels, the American economy hasn’t been getting much traction. The NYT reports.

  • Detroit Goes From Gloom to Economic Bright Spot Saturday, 14 Aug 2010 | 9:25 AM ET
    Detroit Skyline

    After a dismal period of huge losses and deep cuts that culminated in the bailout of General Motors and Chrysler, the gloom over the auto industry is starting to lift.  The NYT reports.

  • President Obama speaking with Phil LeBeau

    US taxpayers will be repaid in full for the government bailout of General Motors when the once-bankrupt automaker offers stock to the public later this year, President Obama said in an interview on CNBC Thursday.

  • Obama Caps Victory Tour of Big 3 Automakers Thursday, 5 Aug 2010 | 10:16 AM ET
    President Barack Obama

    With a Ford Motor assembly plant as the setting, President Barack Obama is arguing anew that his politically risky decision to bail out the auto industry saved it from collapse.

  • Cramer: GM's IPO Should Not Leave Out Taxpayers Tuesday, 3 Aug 2010 | 4:17 PM ET

    With the automaker's stock offering, Cramer fears that only the board and unions will benefit, leaving the taxpayers in the dust.

  • The Treasury Department's pay czar has called out 17 companies that took a bailout, then gave their employees lavish payments during the financial crisis.

  • Small Banks Burdened by TARP: Elizabeth Warren Wednesday, 14 Jul 2010 | 8:06 AM ET

    The Troubled Assets Relief Program (TARP) places more burdens on small banks than on big ones, exacerbating the difference between financial institutions that are too big to fail and the rest, Congressional Oversight Panel Chairwoman Elizabeth Warren told CNBC Wednesday.

  • Goldman Execs Grilled on Billions Received From AIG Thursday, 1 Jul 2010 | 1:10 PM ET
    Goldman Sachs

    Executives of Goldman Sachs were grilled by members of an inquiry panel Thursday on the firm's full recovery of billions in debt in 2008 from crippled AIG, for which U.S. taxpayers footed the bill.

  • Europe Banks Make Me Nervous: Niall Ferguson Tuesday, 29 Jun 2010 | 6:54 AM ET

    The assumption that European governments will never do something like the US allowing Lehman Brothers to fail in September 2008 is trumped by the fiscal reality, Niall Ferguson, Harvard University professor and author, told CNBC Tuesday.

  • US Needs to Stop Spending: Former IMF Economist Monday, 28 Jun 2010 | 11:17 AM ET

    The US needs to stop being the world spender of first and last resort, former IMF chief economist Raghuram G. Rajan told CNBC Monday.

  • Fannie Mae: Walk Away and You Will Pay Thursday, 24 Jun 2010 | 1:20 PM ET

    An announcement from government-owned mortgage giant Fannie Mae warns: "Defaulting borrowers who walk-away and had the capacity to pay or did not complete a workout alternative in good faith will be ineligible for a new Fannie Mae-backed mortgage loan for a period of seven years from the date of foreclosure."