JPMorgan Chase's Thursday night takeover of troubled lender Washington Mutual Inc. didn't erase the dread of some borrowers, including Rick Howell of Tampa. He had a $169,000 equity line of credit with WaMu. ...more

September 27, 2008

Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators Thursday night in an 11th-hour bid to prevent the largest bank failure in American history. ...more

September 26, 2008

WASHINGTON (AP) -- The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, The Associated Press has learned. ...more

September 23, 2008

Market forces are great. Until they're not. After nearly three decades of conservatives insisting that government has no business meddling in the private sector, the Bush administration on Friday announced a sweeping plan to spend hundreds of billions of taxpayer dollars bailing out financial institutions that bet wrong on the mortgage market. ...more

September 23, 2008

As it stands, the rest of us will be paying much money over a long time for the greed and bad judgment of those who melted down the economy. ...more

September 20, 2008

The turmoil in financial markets is rattling jittery shoppers just as the retail industry prepares for a critical holiday season that already was expected to show the weakest growth in almost two decades. ...more

September 19, 2008

The nation's largest wholesale power seller, Constellation Energy Group, whose stock has collapsed amid worries about liquidity and accounting issues, agreed on Thursday to be bought by a unit of Warren Buffett's Berkshire Hathaway Inc. for $4.7 billion. ...more

September 19, 2008

WASHINGTON - Eager to show that he feels people's pain, President Bush scuttled a political fundraising trip Thursday to tell the country his administration is working feverishly to calm turmoil in the financial markets. ...more

September 18, 2008

Another day, but not just another bailout. This one's a stunning government takeover. ...more

September 18, 2008

There is just one problem with the genius of capitalism. From time to time, it veers off into barking madness. ...more

September 18, 2008