TARP final cost to US taxpayers is expected to be lower than earlier projections, according to Treasury Secretary Timothy Geithner. Bailed-out companies, such as AIG and GM, have already begun to pay back TARP funds.
Concerns are rising that faulty mortgage paperwork may spawn a boom in lawsuits against big banks. For now, a second financial crisis seems unlikely – but not impossible.
Elizabeth Warren understands 'every American has to get a fair shake in their financial dealings,' Obama says.
Elizabeth Warren is tipped to be appointed by President Obama to set up a new consumer finance protection agency dealing with mortgages, credit cards and other financial products. But the choice of Elizabeth Warren, a Harvard professor, is controversial.
AIG said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale. AIG will use more than $3.9 billion of the proceeds to repay the Federal Reserve Bank of New York.
Some critics cite government 'takeover' of business and 'giveaways' to the poor as signs that President Obama is a socialist. Members of the Socialist Party are among those who disagree.
A decade into the new millennium, here are six trends to watch – from Africa's possible emergence as the next breadbasket, to Russia’s strange leadership hunt, to the evangelical boom in Latin American pews.
The financial reform bill passed Friday in the House spans many markets and regulatory activities. But some experts warn that the economy could remain exposed to bubbles, busts, and firms "too big to fail."