The House voted this week to end two programs to help certain homeowners struggling to pay their mortgages. More housing aid is on the chopping block, as lawmakers decry 'ineffective' programs.
Bank of America and then-CEO Ken Lewis misled investors about the risks of acquiring Merrill Lynch, alleges a civil suit filed Thursday by New York's attorney general. The bank and the SEC, meanwhile, offer a $150 million settlement for investors over the Merrill Lynch episode.
Treasury Secretary Timothy Geithner says the government ‘made the best of a set of terrible choices’ in bailing out insurance giant AIG. But Democrats and Republicans alike hammered him for not demanding more from financial institutions.
The special inspector general for the government’s financial rescue program told Congress Wednesday that the ongoing bonus quandary was 'a mess.'
Lagging poll numbers for the Treasury secretary reflect continuing anger over bank bailouts.
Appearing before the Congressional Oversight Panel, Secretary of the Treasury Timothy Geithner faced populist anger over bailout terms.
Almost all of the TARP cash is spoken for, and some Senators and oversight officials complained of being left in the dark about its use at a hearing on Tuesday.