Investors have been agonizing over how big a threat China poses to the global economy, but they may be looking in the wrong place.» Read More
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.
Friday the 13th proved lucky for global stocks as the spent the day in the green. Financials lead the gains on news of a US subsidy plan for mortgage payments. The improved mood among investors comes ahead of this weekend's G7 meeting of financial leaders.
Global stocks spent another day in the red Thursday as investors questioned whether the $789 billion US stimulus package will restart the economy.
It appears investors are fairly under whelmed by the new plan to bailout banks. And we spoke with one of Geithner’s toughest critics.
The Treasury Department will soon release documents providing information about the lending activities of the biggest 20 financial firms receiving government aid under the controversial program.
CNBC has obtained a letter signed by six house Representatives from New York State sent to Timothy Geithner, asking the Treasury Secretary to disregard the call for Citigroup to break its 20-year, $400 million investment for the naming rights to the New York Mets stadium.
Global stocks were lower Wednesday as investors were disappointed by the lack of clarity in new US Treasury Secretary Timothy Geithner's financial rescue plan. Experts tell CNBC that during the economic slowdown and market uncertainty, the bond market is the place to invest.
Lawmakers made big moves Tuesday to spark life into the economy and restore health to banks. But will anything really change?
"I'm really underwhelmed by the plan," says one market pro. "Maybe there's not much that can be done right now other than let this work itself out."
Critics say the financial-aid plan doesn't offer a convincing strategy on toxic assets and leaves funding unclear.
Secretary Geithner gave his long-awaited speech, speaking of the need to fund new buying of asset-backed securities, of helping private equity purchase old assets through a public/private investment fund, of foreclosure mitigation, and a new capital infusion into banks that pass a "stress test."
Treasury Secretary Tim Geithner defended his newly announced financial bailout plan, telling CNBC that "the financial crisis is enormously complicated" and will take time to resolve.
Below is the full speech by Treasury Secretary Timothy Geithner: