Twelve Democratic senators joined a united GOP on Thursday to prevent bankruptcy judges from being allowed to rewrite mortgage terms for homeowners facing foreclosure.
The government has pledged $11.3 trillion for economic rescue – and has spent one-quarter of that. On what?
The key elements of the Treasury Secretary's plan.
Bank stocks rose Friday, but some question whether the evaluation of the nation’s major banks is tough enough.
The federal government is focusing on America's largest banks, but many smaller banks – which are deeply entwined in local communities and crucial to recovery – are sliding toward possible failure.
Some leading economists say bank rescues should come with tougher conditions, and that the industry is short on capital to cover losses.
The improved earnings reports of recent days are welcome news, but a rising tide of loan losses still threaten the industry.
Under the new ‘mark-to-market’ rule, banks can consider the value of assets as if they are being sold in an orderly fashion, not in a distress sale.
The Treasury secretary’s plan aims to rein in the industry’s boom-bust cycle and soothe Europe ahead of the G-20 summit.