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.
Krugman and Wells argue that Fannie, Freddie and the Fed are innocent; the big bad global glut fed the boom that led to the crash.
Ben Bernanke believes that making people feel richer is the key to generating actual wealth. Is he right? We're about to find out.
Will QE2 accelerate the national and international economic decline?
As Obama presses for on a free-trade deal with Korea, where does the tea party stand? Polls say tea partyers do not favor trade pacts, but for many of their allies in Congress, it's a new issue.
Rep. Darrell Issa, who is set to take over the chairmanship of the House Oversight and Government Reform Committee, has made no secret of his love of hearings. He wants hundreds of them.
Are Fannie Mae and Freddie Mac subsidizing predatory lending practices?
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.
President Obama and congressional Democrats could have pursued sensible policies that promote growth and fairness. They didn't. And now voters stand ready to support the Republicans' pro-growth agenda in midterm elections next week.