A ray of sunlight broke through the Washington fog last week when Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program, published his office’s report on the government bailout last year of the American International Group.
Banks that are considered too large to fail should be dismantled rather than "coddled," Dallas Federal Reserve Bank President Richard Fisher said on Thursday.
U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
The following are highlights from a congressional Joint Economic Committee hearing on Thursday on financial reform with U.S. Treasury Secretary Timothy Geithner.
NEW YORK (Reuters) - A New York Times editorial slammed Goldman Sachs <GS.N> for its role in the financial crisis and said that instead of paying big bonuses to its employees it should make a multibillion-dollar gift to help reduce the U.S. national debt.
NEW YORK (Reuters) - Goldman Sachs Group Inc <GS.N> could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc <AIG.N>, according to a government report.
Goldman Sachs could have suffered dramatic losses if the federal government had not intervened to prop up American International Group, according to a government report.
California is flirting with car insurance paid at the gas pump, so you’re actually paying based on how much of highway system you use—and how much carbon you pump into the air... Read More
Cautiously optimistic comments from two British banks this morning: HSBC earnings were better than expected and the tone of the report was upbeat, with bad loans down... Read More