Since the recent bailout on Wall Street, the public has started to heavily scrutinize firms' large executive pay packages. This week, John White, director of the Securities and Exchange Commission's Division of Corporation Finance, urged all U.S. companies to consider limiting compensation packages that reward excessive risk-taking by executives.
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WASHINGTON -- As the Federal Government doles out billions of dollars to bolster up a faltering economy, many believe the government pool of giveaways has dried up -- but government money expert, Matthew Lesko, is not convinced.
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This weekend was light on the government bailouts, indicating that strained credit conditions around the world are easing. The Dutch government injected $13.4 billion into ING Groep, the largest Dutch financial services firm and South Korea agreed to guarantee $130 billion in bank debt.
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Another multi-billion-dollar taxpayer bailout could lie ahead, this time to rescue a cash-strapped government program that insures pensions of 44 million American workers and retirees, a University of Illinois finance professor warns.
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If you haven't been asleep, you know that AIG was recently bailed out by the U.S. government, as part of the ongoing financial crisis. You might think that as they were just bailed out they might consider being frugal with their infusion of cash --- but maybe not.
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The Fed has released a statement announcing significant efforts to boost liquidity in the credit markets. The Fed will begin to pay interest on required reserve balances and excess reserve balances. Additionally, the Fed will increase the amount outstanding in the Term Auction Facility (TAF) to a potential amount of $900 billion over year end.
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Now that Congress has done the dastardly deed in approving Bush's bailout, Ralph Nader, independent candidate for president, is issuing a call for American taxpayers to summon their members of Congress who voted for this wrongheaded $700 billion bailout of the Wall Street speculators and crooks to meet in a local public auditorium and answer up for their surrender to the corporate welfare kings and banksters.
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In a 263-171 vote, the U.S. House of Representatives has approved a measure aimed at rescuing U.S. financial markets, just days after rejecting a previous version and sending stock markets reeling. VOA's Dan Robinson reports from Capitol Hill, Democratic and Republican leaders were able to sway a sufficient number of opponents to vote yes on the legislation, which is considered an imperfect but necessary short-term effort to address the financial crisis.
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The Senate voted 74 to 25 to pass the new and improved bailout bill. The Senate version included an increase in FDIC coverage on deposits from $100,000 to $250,000.
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The U.S. Senate has scheduled a new bailout bill vote for Wednesday night on a new version of the $700 billion financial rescue plan. New measures in the bill are designed to win the support of lawmakers in the House of Representatives, who rejected the previous version. VOA's Gabe Joselow reports from Washington.
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There is a new scam out involving reverse mortgages that everyone needs to be aware of as it doesn’t affect just senior borrowers. It seems that in their effort to constantly find a way to beat the system, there are some who are looking for ways to use senior borrowers and reverse mortgages to flip properties...
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