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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
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 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
When Bill Crews, the chairman of Wauchula State Bank, and Tom Trevino, a broker with Merrill Lynch's brokerage in Sebring, spoke to the Kiwanis in Hardee County on Tuesday, they faced a deluge of questions. ...more
September 18, 2008
The Federal Reserve forged an extraordinary $85 billion rescue Tuesday night of insurance giant American International Group Inc., offering a respite from two days of chaos in the American financial system. ...more
September 17, 2008
Hours before Federal Reserve officials found a cash infusion to keep afloat American International Group Inc., the nation's largest insurance company, state and other government officials in Florida were still assessing how much financial exposure they might have with investments in AIG. ...more
September 17, 2008
Shares of troubled banks Washington Mutual Inc. and Wachovia Corp. recovered on Tuesday as investors grew hopeful that American International Group Inc. would receive much-needed funding. ...more
September 17, 2008
American International Group Inc. will be allowed to use $20 billion of assets held by its subsidiaries to provide cash needed for the troubled insurer to stay in business, New York Gov. David Paterson said Monday. ...more
September 16, 2008
NEW YORK (AP) -- A stunning makeover of the Wall Street landscape sent stocks falling precipitously Monday, with the Dow Jones industrials sliding 500 points in their worst point drop since the September 2001 terrorist attacks. Investors reacted badly to a shakeup of the financial industry that took out two storied names: Lehman Brothers Holdings Inc. and Merrill Lynch & Co. ...more
September 15, 2008
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