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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 ...
• McCain would buy bad homeowner mortgages
The trips, the speeches, and the moments of Decision ’08. A look at the campaigns of Barack Obama and John McCain. WASHINGTON - Republican presidential candidate John McCain is proposing a $300 billion program for the federal government to buy up ...