Senator Lincoln wants to stop big banks' risky derivative trades from being subsidized by taxpayers. Here's how to keep her measure in the financial reform bill.
Fannie Mae announced a $11.5 billion quarterly loss Monday. The mortgage giant's continued poor performance has added urgency to the question of how – or whether – it should be saved.
Treasury Secretary Timothy Geithner said Tuesday that the mortgage crisis will not lead the administration either to abandon or nationalize mortgage giants Fannie Mae and Freddie Mac.
Advocates of legislation to create a national insurance program say it's better to plan ahead than do a bailout after a natural disaster. Critics say it would amount to a subsidy for owners of coastal mansions and encourage people to live in places they shouldn't.
President Obama Thursday proposed new limits on banks' size as well as their ability to take risks. The move is part of reform measures to avert a repeat of the practices that led to the financial crisis. The stock market fell in response to the news.
Regulations in a House financial bill would mean the most significant overhaul of the financial-services industry since the New Deal.
Sen. Christopher Dodd introduced a bill in the Senate Banking Committee Tuesday aimed at tightening bank regulation. Critics of the current system say regulators are too cozy with bankers now.
The House Financial Services Committee announced a plan Tuesday to give regulators tools needed to crack down on banks' risky behavior. It will be a tough job, experts say.