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• FDIC takes over two more failed banks
See today's average mortgage rates across the country. CARSON CITY, Nev. - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a ...
• Citi: Wells Fargo-Wachovia sale blocked
The litigation pits two of the largest remaining financial institutions against one another as the ongoing credit crisis leads the federal government to arrange marriages and sales among banking entities. Wells Fargo, Wachovia and Citigroup did not ...
• Exec pay limits gain support as bailout eyed
Law enforcement officials, meanwhile, said Tuesday that the FBI was investigating four major U.S. financial institutions whose collapse helped trigger the bailout plan. Two law enforcement officials said the FBI was looking at potential fraud by ...
• Congress asked to act quickly on $700B bailout
The Bush administration gained broad authority to buy up toxic mortgage-related investments and other distressed assets from shaky financial institutions. The hope is it will restore confidence in markets and thaw a near-freeze in credit availability ...
• Cosmic Log: How much is that in Apollos?
Divvy it up to the people instead of the failing institutions! I read it would be close to $250 thousand per person, 18+...there would be no depression, no foreclosures, and definitely an economic stimuli!" Do a little math. Supposed the adult ...