bernanke

Just a few weeks after Rep. Edolphus Towns (D-N.Y.) requested information from Treasury Secretary Tim Geithner about White House plans to sidestep executive pay limits for bailed out firms (information that still hasn’t been provided), Towns is asking Geithner about his role in Bank of America’s reportedly shady acquisition of Merrill Lynch in December.
Yesterday, the [...]

As the Wall Street bailout program morphs from one helping banks to one benefiting insurers and (perhaps) automakers, the Bush administration is having a hard time explaining what rules are dictating the process — and where it’ll draw lines of eligibility.
It’s an unlikely spot for a conservative White House that once lived and died railing [...]

Fed Chairman Ben Bernanke gave a boost to congressional Democratic leaders, bolstering their plan for additional economic infusion.

President George W. Bush, the Treasury Dept., the Federal Reserve and the Federal Deposit Insurance Corp. are all out in force today, as they should be. You own a piece of some of our biggest banks today.
Bush went first, explaining to the American people that Washington will invest $250 billion in the nation’s banks. The [...]

Federal Reserve Chairman Ben Bernanke spent his academic career studying the Great Depression. But this economic meltdown is uncharted territory. It turns out the Fed already guaranteed $650 billion even before Congress ok’d that $700-billion bailout.

Treasury Sec. Henry Paulson tried to push Congress into accepting the administration’s bailout plan. But the House pushed back. Hard.

Treasury Sec. Henry Paulson Jr. and Fed Chairman Ben Bernanke faced the firing line at the House Financial Services Committee. The economic turmoil upends presidential politics.

It’s no surprise that the FBI is investigating four companies at the heart of the financial crisis to find out whether criminal wrongdoing helped lead to their collapse. The failures of Fannie Mae, Freddie Mac, Lehman Bros. and the insurance company AIG shocked Wall Street and, except for Lehman, resulted in bailouts funded by taxpayers.