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• U.K. government to partially nationalize banks
LONDON - The British government announced plans on Wednesday to partially nationalize major banks, with taxpayers taking a share stake in a bid to restore stability. The Treasury made the announcement a half hour before markets opened, saying eight ...
• Same old prescriptions for the new contagion
... the two candidates for president used the occasion of a much-anticipated town hall meeting last night to repeat all the talking points they were making long before the recent bank failures, the free fall of stock prices and the federal government's ...
• Economists say rescue plan still needs work
It’s better than nothing. That’s the less-than-enthusiastic grade being given the government's financial rescue package by private economists — who continue to express doubts about whether the plan will work. Last week, some 200 university ...
• Rush is on to hire companies to manage bailout
WASHINGTON - The Treasury Department has set an extremely short timetable for picking the companies that will help manage its $700 billion bailout program, which analysts say raises the risk the government will overpay. The department on Monday said ...
• Banks to see write-offs after asset sales
Banks and other financial institutions can conceivably write off billions of dollars in losses after they sell bad mortgage assets to the government. Congress passed a rescue package Friday that allows as much as $700 billion of taxpayer money to be ...