A government watchdog said the $700 billion bailout for the financial industry played a major role in rescuing the economy over the last year but also engendered anger and distrust among Americans because of secrecy and confusion about the way the program was handled.
Currencies may play a role in the global economic recovery down the road, but in the short-term, the relationships among major currencies won't impede a rebound, said John Lipsky, first deputy managing editor of the International Monetary Fund.
A year after the roughest stretch for the U.S. economy since the Great Depression, these financial titans have either stepped out of the spotlight or come to the end of their careers.
The market's rally has been similar to the geyser after the waterfall, and while it isn't yet time to "be in the bunker," it's time to start playing a little more conservatively, said Barry James, co-manager of the five-star rated James Balanced Golden Rainbow Fund.
Bowing to political pressure from community bankers, the House Financial Services Committee approved an exemption on Thursday for more than 98 percent of the nation’s banks from oversight by a new agency created to protect consumers from abusive or deceptive credit cards, mortgages and other loans.
Stocks and gold are crowded markets and there is a risk that everybody will want to exit at the same time, Hugh Hendry, chief investment officer at Eclectica, told CNBC Friday.
Concluding that some of the nation’s biggest banks are in good enough shape to raise capital from private investors, senior Treasury officials would like more of them to repay billions of dollars in taxpayer money that bailed them out over the last year.
Bank failures are going to continue at a fairly strong rate but taxpayers hopefully won't be asked to foot the bill, FDIC Chair Sheila Bair told CNBC.
America and China have a problem. A very big multi-trillion dollar problem that shows no sign of going away whatever the financial crisis throws at it.
Even during his most frenzied days, when Congress is demanding answers or the president himself is calling, Treasury Secretary Timothy Geithner makes time to talk to a select group of powerful Wall Street bankers.
There has been quite a bit of newsprint, bandwidth and hot air invested in whether the Obama Administration might push for a second stimulus package. But when you look at the current stimulus package, it's a bit of a head scratcher, considering so little of it has been spent.
The dollar-demise story has been around for a while, and it keeps coming back. And it’s now clear that China and others have lost confidence in the greenback and want to end the dollar reserve-currency system. For the U.S., this is mostly a self-inflicted wound.
Policy makers are likely to continue backing a weak dollar until the economy shows substantial improvement, Pimco's Bill Gross told CNBC.
Hedge funds, trying to separate themselves from the big Wall Street banks, are stepping up their efforts to head off new regulation from Washington. The New York Times reports.
On the last day of Sept. 2008, one of the wildest, scariest months in U.S. financial history, the Wall Street-Washington roller-coaster starts climbing again.
The US economy needs another cash infusion to kicksart consumption and longer term the US has to devalue the dollar to get out of the crisis, investor Wilbur Ross told CNBC Tuesday.
Monday starts out hopeful. By day's end, those hopes are dashed, as the House kills the bailout bill and stock markets plunge to new lows.
After stumbling in his transition from backstage player to out-front crisis manager, Treasury Secretary Timothy Geithner has since quieted critics inside and outside the administration. But with the economy still hovering between recession and recovery, multiple tests of his judgment and political dexterity lie ahead.
Sunrise: Congressional leaders from both parties emerge from intense talks to present a $700 billion financial rescue plan agreement on Sunday.