http://topics.cnn.com/topics/feeds/rss/Economic_CrisisFind stories, videos, and photos about Economic Crisis from CNN.com.en-usCable News Network LP, LLLP.Thu, 26 Nov 2009 05:03:58 GMT5http://i.cdn.turner.com/cnn/.element/img/1.0/logo/cnn.logo.rss.gifhttp://topics.cnn.com/topics/feeds/rss/Economic_Crisis14433Find stories, videos, and photos about Economic Crisis from CNN.com.http://money.cnn.com/2009/11/02/news/economy/stimulus_elections.fortune/index.htmhttp://money.cnn.com/2009/11/02/news/economy/stimulus_elections.fortune/index.htmNow that we're officially (if barely) out of the Great Recession, it's time for our nation's elected officials to get down to serious business -- that of taking credit, assigning blame, and calling each other liars.Mon, 02 Nov 2009 15:35:00 ESThttp://money.cnn.com/2009/10/08/news/economy/bernanke_fed_balance_sheet/index.htmhttp://money.cnn.com/2009/10/08/news/economy/bernanke_fed_balance_sheet/index.htmThe Federal Reserve threw a lot of money at the crisis to get the gears of the economy turning again -- but it may soon be time to collect on the bill.Fri, 09 Oct 2009 07:51:00 EDThttp://www.cnn.com/2009/HEALTH/09/29/bad.economy.better.health/index.html#cnnSTCTexthttp://www.cnn.com/2009/HEALTH/09/29/bad.economy.better.health/index.html#cnnSTCTextAre you finally ready for some good news about the recession? As it turns out, a shaky economy might actually be good for your health.Tue, 29 Sep 2009 19:40:00 EDThttp://www.cnn.com/2009/US/09/18/mainstreet.summit.transcript/index.html#cnnSTCTexthttp://www.cnn.com/2009/US/09/18/mainstreet.summit.transcript/index.html#cnnSTCTextAnderson Cooper, Ali Velshi and the CNN Money Team hosted a special "CNN Money Summit: Money & Main St." Thursday night, September 17. Here's a transcript of the show:Mon, 21 Sep 2009 21:50:00 EDThttp://money.cnn.com/2009/09/18/magazines/fortune/fortune500/winners.losers.lehman.fortune/index.htmhttp://money.cnn.com/2009/09/18/magazines/fortune/fortune500/winners.losers.lehman.fortune/index.htmWith apologies to the Beatles, the list of the best-performing Fortune 500 stocks in the year after the collapse of Lehman Brothers reads like a stroll down Penny Lane.Fri, 18 Sep 2009 16:16:00 EDThttp://money.cnn.com/2009/08/25/news/economy/bernanke_risk_taking/index.htmhttp://money.cnn.com/2009/08/25/news/economy/bernanke_risk_taking/index.htmFor an academic from Dillon, S.C., Ben Bernanke is an unlikely gunslinger.Sat, 29 Aug 2009 12:34:00 EDThttp://money.cnn.com/2009/08/06/news/companies/Fannie_mae_earnings/index.htmhttp://money.cnn.com/2009/08/06/news/companies/Fannie_mae_earnings/index.htmFannie Mae, the government-controlled mortgage insurer, said Thursday that it needs another $10.7 billion from the Treasury Department to stay afloat.Thu, 06 Aug 2009 22:41:00 EDThttp://www.cnn.com/2009/WORLD/americas/07/31/zakaria.economystats/index.html#cnnSTCTexthttp://www.cnn.com/2009/WORLD/americas/07/31/zakaria.economystats/index.html#cnnSTCTextThe pace of economic decline slowed substantially in the second quarter, as the U.S. economy shrank at an annual rate of 1 percent, far less than it did in the first quarter, according to a government report released Friday.Fri, 31 Jul 2009 18:58:00 EDThttp://money.cnn.com/2009/07/29/news/economy/failed.banks.fortune/index.htmhttp://money.cnn.com/2009/07/29/news/economy/failed.banks.fortune/index.htmCleaning up after bank failures is one chore you won't hear bankers complaining about.Wed, 29 Jul 2009 16:51:00 EDThttp://money.cnn.com/news/economy/bailout_glossary/index.htmhttp://money.cnn.com/news/economy/bailout_glossary/index.htmThe government's economic recovery efforts have brought many new and unfamiliar financial terms into the conversation. Here's a list of some we think are vital to understanding the recession and the government's attempts to fix it:Mon, 27 Jul 2009 18:17:00 EDThttp://money.cnn.com/2009/07/22/news/companies/fannie_freddie_bailout/index.htmhttp://money.cnn.com/2009/07/22/news/companies/fannie_freddie_bailout/index.htmThe first big government bailout of the financial crisis -- the takeover of mortgage finance giants Fannie Mae and Freddie Mac -- is poised to be the most expensive and complicated to complete.Mon, 27 Jul 2009 17:48:00 EDThttp://money.cnn.com/2009/07/21/news/economy/bailout_risk/index.htmhttp://money.cnn.com/2009/07/21/news/economy/bailout_risk/index.htmThe independent overseer of the $700 billion bailout has caused a ruckus over an important question: How much do taxpayers have on the line?Tue, 21 Jul 2009 17:21:00 EDThttp://money.cnn.com/2009/07/06/real_estate/robert_shiller_housing_market.fortune/index.htmhttp://money.cnn.com/2009/07/06/real_estate/robert_shiller_housing_market.fortune/index.htmIt's noon in New Haven, and Yale economist Robert Shiller and I are leaving his office to walk down the block for pizza. It was a damp morning, but now the sun is breaking through the clouds. "Do we need an umbrella?" he asks. I say I don't think so. But a few steps outside his office, he turns around to get one. "It's better to be safe," he says.Tue, 07 Jul 2009 15:19:00 EDThttp://money.cnn.com/2009/06/23/news/economy/inflation_deflation_debate/index.htmhttp://money.cnn.com/2009/06/23/news/economy/inflation_deflation_debate/index.htmShould the Federal Reserve be more worried about the threat of inflation on the long-term horizon, or deflation in the short-term?Tue, 23 Jun 2009 17:50:00 EDThttp://money.cnn.com/2009/06/19/markets/thebuzz/index.htmhttp://money.cnn.com/2009/06/19/markets/thebuzz/index.htmThe recession began in December 2007. Did it end sometime this spring?Sat, 20 Jun 2009 12:09:00 EDThttp://money.cnn.com/2009/06/15/news/geithner.circles.fortune/index.htmhttp://money.cnn.com/2009/06/15/news/geithner.circles.fortune/index.htmThe stock market's rally serves as "broad validation" of the Obama administration's financial rescue efforts, Treasury Secretary Tim Geithner said Monday.Mon, 15 Jun 2009 18:04:00 EDThttp://money.cnn.com/2009/06/10/news/economy/fed_balance_sheet/index.htmhttp://money.cnn.com/2009/06/10/news/economy/fed_balance_sheet/index.htmThe government bailout of banks, lenders, Bear Stearns and AIG brought in billions of dollars to the Federal Reserve in the first quarter of 2009.Wed, 10 Jun 2009 19:20:00 EDThttp://money.cnn.com/2009/05/15/news/economy/bear.stearns.fortune/index.htmhttp://money.cnn.com/2009/05/15/news/economy/bear.stearns.fortune/index.htmWe're about to mark the second anniversary of the financial meltdown. But don't expect to see any clinking of champagne glasses, because except for a handful of prescient (or lucky) speculators, it's been a ghastly two years. The nightmare started June 12, 2007, when news broke that two Bear Stearns hedge funds speculating in mortgage-backed securities were melting down. That was the precursor to the panics and collapses that have led to a worldwide recession and the fall of mighty institutions like Bear, AIG, Lehman Brothers, and Royal Bank of Scotland.Fri, 15 May 2009 16:30:00 EDThttp://money.cnn.com/2009/04/21/news/too.big.fortune/index.htmhttp://money.cnn.com/2009/04/21/news/too.big.fortune/index.htmThe Obama administration must break up the biggest financial firms if the nation is to return to economic health, three prominent bailout skeptics told a congressional panel Tuesday.Tue, 21 Apr 2009 17:22:00 EDThttp://www.cnn.com/2009/WORLD/europe/04/02/g20/index.html#cnnSTCTexthttp://www.cnn.com/2009/WORLD/europe/04/02/g20/index.html#cnnSTCTextLeaders of the world's largest economies agreed on Thursday to a package worth more than $1 trillion to tackle the global economic crisis.Fri, 03 Apr 2009 00:39:00 EDThttp://money.cnn.com/2009/04/02/news/international/G20_communique/index.htmhttp://money.cnn.com/2009/04/02/news/international/G20_communique/index.htmWorld leaders agreed Thursday to tighter regulation of the global financial system and pledged more than $1 trillion to bolster lending by the International Monetary Fund to nations in need.Thu, 02 Apr 2009 21:10:00 EDThttp://www.cnn.com/2009/WORLD/europe/03/30/g20.summit.explainer/index.html#cnnSTCTexthttp://www.cnn.com/2009/WORLD/europe/03/30/g20.summit.explainer/index.html#cnnSTCTextThis week's London Summit brings together the leaders of the world's 20 largest economic powers, known as the Group of 20, to discuss the global financial crisis and decide new measures to set the world on a more stable economic footing.Tue, 31 Mar 2009 11:33:00 EDThttp://money.cnn.com/2009/02/19/news/newsmakers/benner_gross.fortune/index.htmhttp://money.cnn.com/2009/02/19/news/newsmakers/benner_gross.fortune/index.htmOn the wall of his office overlooking the Pacific Ocean, Bill Gross has hung a poster of Jesse Livermore. In the early decades of the last century Livermore made and lost several fortunes on Wall Street before killing himself in 1940. Alongside the picture is an adaptation of a quote from the deceased: "An investor has to guard against many things and most of all against himself."Mon, 30 Mar 2009 20:53:00 EDThttp://money.cnn.com/2009/03/30/news/international/Britain_G20/index.htmhttp://money.cnn.com/2009/03/30/news/international/Britain_G20/index.htmThis week's London Summit brings together the leaders of the world's 20 largest economic powers, known as the Group of 20, to discuss the global financial crisis and decide new measures to set the world on a more stable economic footing.Mon, 30 Mar 2009 12:18:00 EDThttp://money.cnn.com/2009/03/25/news/economy/depression_comparisons/index.htmhttp://money.cnn.com/2009/03/25/news/economy/depression_comparisons/index.htmIs this the worst economy since the Great Depression? And what are the chances of the economy falling into another depression?Wed, 25 Mar 2009 21:19:00 EDThttp://money.cnn.com/2009/03/23/news/companies/treasury_plan/index.htmhttp://money.cnn.com/2009/03/23/news/companies/treasury_plan/index.htmThe Treasury Department unveiled its long-awaited plan to remove many of the troubled assets from banks' books Monday, representing one of the biggest efforts by the U.S. government so far aimed at tackling the ongoing financial crisis.Mon, 23 Mar 2009 21:02:00 EDThttp://money.cnn.com/2009/03/16/news/economy/panic08.fortune/index.htmhttp://money.cnn.com/2009/03/16/news/economy/panic08.fortune/index.htmIt is axiomatic that to solve a problem, one must first understand it. To that end, I have devoted my spare time in recent months to studying our financial crisis - unearthing its root causes, delving into its manifold consequences and pondering its far-reaching implications.Mon, 16 Mar 2009 17:09:00 EDThttp://money.cnn.com/2009/03/16/markets/cds.bear.fortune/index.htmhttp://money.cnn.com/2009/03/16/markets/cds.bear.fortune/index.htmA year after the government rescued Bear Stearns, the economy has stumbled badly.Mon, 16 Mar 2009 11:44:00 EDThttp://money.cnn.com/2009/03/02/news/companies/aig/index.htmhttp://money.cnn.com/2009/03/02/news/companies/aig/index.htmThe U.S. government, saying it needed to prevent broad damage to the financial system, announced Monday that it was again restructuring the bailout of American International Group after the battered insurer reported a staggering $62 billion quarterly loss.Tue, 03 Mar 2009 13:31:00 ESThttp://money.cnn.com/2009/03/02/news/aig.plan.c.fortune/index.htmhttp://money.cnn.com/2009/03/02/news/aig.plan.c.fortune/index.htmThe government has a new remedy for sickly financial giants -- but signs of healing remain scarce.Mon, 02 Mar 2009 19:23:00 ESThttp://money.cnn.com/2009/02/27/news/companies/aig_bailout/index.htmhttp://money.cnn.com/2009/02/27/news/companies/aig_bailout/index.htmTroubled insurer American International Group is looking for more help from the federal government as it struggles to sell off assets and keep its core businesses afloat.Fri, 27 Feb 2009 23:22:00 ESThttp://money.cnn.com/2009/02/27/news/economy/tully_banks.fortune/index.htmhttp://money.cnn.com/2009/02/27/news/economy/tully_banks.fortune/index.htmOn Friday, Feb. 20, investors watched in horror as shares of Bank of America plunged below $3 and Citigroup's stock broke $2, giving the two pillars of U.S. banking a combined market value of $26 billion - far below that of Kraft Foods.Fri, 27 Feb 2009 12:17:00 ESThttp://money.cnn.com/2009/02/26/news/companies/Fannie_results/index.htmhttp://money.cnn.com/2009/02/26/news/companies/Fannie_results/index.htmHammered by the ailing housing market, mortgage finance giant Fannie Mae said Thursday it would tap its lifeline from the Treasury Department after reporting $58.7 billion in losses for 2008.Thu, 26 Feb 2009 23:52:00 ESThttp://money.cnn.com/2009/02/24/news/companies/aig.breakingviews/index.htmhttp://money.cnn.com/2009/02/24/news/companies/aig.breakingviews/index.htmIt's not as if U.S. Treasury Secretary Tim Geithner doesn't have enough to worry about. Now, American International Group is back. The struggling insurer said on Monday that it continues to "work with the U.S. government to evaluate potential new alternatives". Unfortunately, Geithner is already familiar with the most likely not-so-new scenario.Wed, 25 Feb 2009 00:13:00 ESThttp://money.cnn.com/2009/02/24/news/companies/aig_bailout/index.htmhttp://money.cnn.com/2009/02/24/news/companies/aig_bailout/index.htmThe government may again have to overhaul its bailout of troubled insurer American International Group.Tue, 24 Feb 2009 21:51:00 ESThttp://money.cnn.com/2009/02/24/news/economy/tarp/index.htmhttp://money.cnn.com/2009/02/24/news/economy/tarp/index.htmThe Treasury Department offered up details Tuesday for 23 regional banks that received a combined $365 million in the latest round of government bailout funding.Tue, 24 Feb 2009 19:55:00 ESThttp://money.cnn.com/2009/02/23/news/companies/citigroup_nationalization/index.htmhttp://money.cnn.com/2009/02/23/news/companies/citigroup_nationalization/index.htmCitigroup may be on the verge of nationalization. But what exactly that means remains to be seen.Tue, 24 Feb 2009 13:23:00 ESThttp://money.cnn.com/2009/02/22/news/companies/citigroup_government/index.htmhttp://money.cnn.com/2009/02/22/news/companies/citigroup_government/index.htmCitigroup Inc. is in discussions with regulators about a plan for the federal government to take a larger ownership stake in the bank, according to published reports.Mon, 23 Feb 2009 18:09:00 ESThttp://www.cnn.com/2009/US/02/20/economy.history/index.html#cnnSTCTexthttp://www.cnn.com/2009/US/02/20/economy.history/index.html#cnnSTCTextThe stock market crashed. Wall Street panicked. People stashed silver and gold under mattresses while businesses shut doors across America.Sun, 22 Feb 2009 09:22:00 ESThttp://money.cnn.com/2009/02/20/news/economy/foreclosure_funds/index.htmhttp://money.cnn.com/2009/02/20/news/economy/foreclosure_funds/index.htmThe White House is using only $50 billion from the $700 billion financial industry bailout package to fund the foreclosure prevention program, a senior administration official clarified Friday.Sat, 21 Feb 2009 14:59:00 ESThttp://money.cnn.com/2009/02/20/news/nationalization.what.is.it.fortune/index.htmhttp://money.cnn.com/2009/02/20/news/nationalization.what.is.it.fortune/index.htmWhat does it mean to nationalize a bank, anyway?Sat, 21 Feb 2009 00:30:00 ESThttp://money.cnn.com/2009/02/17/news/economy/foreclosure_preview/index.htmhttp://money.cnn.com/2009/02/17/news/economy/foreclosure_preview/index.htmObama administration officials are hammering out the details of a $50 billion foreclosure prevention program that the president is set to unveil Wednesday in Arizona, sources said.Wed, 18 Feb 2009 11:50:00 ESThttp://money.cnn.com/2009/02/13/markets/thebuzz/index.htmhttp://money.cnn.com/2009/02/13/markets/thebuzz/index.htmSo much for change you can believe in.Fri, 13 Feb 2009 18:00:00 ESThttp://money.cnn.com/2009/02/13/news/economy/easton_economicteam.fortune/index.htmhttp://money.cnn.com/2009/02/13/news/economy/easton_economicteam.fortune/index.htmOn a day in early February when incoming White House officials under previous administrations would have just been learning how to use their office phones, the Obama economic team is already racing against the clock.Fri, 13 Feb 2009 17:58:00 ESThttp://money.cnn.com/2009/02/12/news/banks.tough.love.fortune/index.htmhttp://money.cnn.com/2009/02/12/news/banks.tough.love.fortune/index.htmThe Obama administration has promised to fix big financial firms with a helping of "tough love." But even stronger medicine -- such as breaking up troubled banks and starting new ones -- may be necessary.Thu, 12 Feb 2009 18:11:00 ESThttp://money.cnn.com/2009/02/10/news/companies/banks_stocks/index.htmhttp://money.cnn.com/2009/02/10/news/companies/banks_stocks/index.htmThe Obama administration finally unveiled its plans to fix the ailing banking industry Tuesday. Too bad Wall Street hated it.Tue, 10 Feb 2009 23:27:00 ESThttp://money.cnn.com/2009/02/10/markets/markets_newyork/index.htmhttp://money.cnn.com/2009/02/10/markets/markets_newyork/index.htmStocks slumped Tuesday, with the Dow industrials ending at a 3-month low, as the government's bank rescue plan failed to reassure investors burned by the 14-month old recession.Tue, 10 Feb 2009 22:43:00 ESThttp://money.cnn.com/2009/02/10/news/geithner.defense.fortune/index.htmhttp://money.cnn.com/2009/02/10/news/geithner.defense.fortune/index.htmTreasury Secretary Tim Geithner defended his financial stabilization plan Tuesday, telling senators it is "fundamentally different" than the one pursued by his predecessor, Henry Paulson.Tue, 10 Feb 2009 22:36:00 ESThttp://money.cnn.com/2009/02/10/news/economy/bank_bailout_overhaul/index.htmhttp://money.cnn.com/2009/02/10/news/economy/bank_bailout_overhaul/index.htmThe federal government's bank bailout just got a lot more complicated.Tue, 10 Feb 2009 21:57:00 ESThttp://money.cnn.com/2009/02/10/news/geithner.questions.fortune/index.htmhttp://money.cnn.com/2009/02/10/news/geithner.questions.fortune/index.htmTreasury Secretary Tim Geithner failed Tuesday to persuade Wall Street that he will succeed where his predecessor Henry Paulson failed.Tue, 10 Feb 2009 20:54:00 ESThttp://money.cnn.com/2009/02/10/news/economy/bernanke_testimony/index.htmhttp://money.cnn.com/2009/02/10/news/economy/bernanke_testimony/index.htmFederal Reserve chairman Ben Bernanke was questioned by lawmakers from both parties Tuesday about whether the Fed should continue to have as much broad powers over the economy.Tue, 10 Feb 2009 20:25:00 ESThttp://money.cnn.com/2009/02/10/markets/thebuzz/index.htmhttp://money.cnn.com/2009/02/10/markets/thebuzz/index.htmBank may be the dirtiest of four-letter words these days. A close second is the acronym TARP. Several top banks have taken billions of dollars in government aid from the Troubled Asset Recovery Program during the past few months but there has been little evidence that they have used the funds to boost lending to consumers and businesses.Tue, 10 Feb 2009 17:57:00 ESThttp://money.cnn.com/2009/02/10/news/geithner.plan.fortune/index.htmhttp://money.cnn.com/2009/02/10/news/geithner.plan.fortune/index.htmTreasury Secretary Tim Geithner sketched out the broad strokes of the latest government attempt to stabilize the financial sector Tuesday morning.Tue, 10 Feb 2009 16:46:00 ESThttp://money.cnn.com/2009/02/09/news/economy/bank_bailout_overview/index.htmhttp://money.cnn.com/2009/02/09/news/economy/bank_bailout_overview/index.htmThe Obama administration's long-anticipated overhaul of the banking bailout is finally near.Tue, 10 Feb 2009 15:15:00 ESThttp://money.cnn.com/2009/02/09/news/economy/TARP_foreclosures/index.htmhttp://money.cnn.com/2009/02/09/news/economy/TARP_foreclosures/index.htmTreasury Secretary Tim Geithner is expected Tuesday to start laying out the Obama administration's long-awaited plans to address the foreclosure crisis.Tue, 10 Feb 2009 14:21:00 ESThttp://money.cnn.com/2009/02/10/news/banks.fix.fortune/index.htmhttp://money.cnn.com/2009/02/10/news/banks.fix.fortune/index.htmFixing the banks is only the start.Tue, 10 Feb 2009 12:46:00 ESThttp://money.cnn.com/2009/02/09/markets/markets_newyork/index.htmhttp://money.cnn.com/2009/02/09/markets/markets_newyork/index.htmFinancial shares rallied Monday, but the broader market struggled as the announcement of the overhaul of the bank bailout was delayed and Congress continued to squabble about the stimulus package.Mon, 09 Feb 2009 22:43:00 ESThttp://money.cnn.com/2009/02/08/news/economy/bank_bailout/index.htmhttp://money.cnn.com/2009/02/08/news/economy/bank_bailout/index.htmThe "massive overhaul" of the banking bailout will be announced a day later than expected.Mon, 09 Feb 2009 19:36:00 ESThttp://money.cnn.com/2009/02/06/news/economy/TARP_foreclosures/index.htmhttp://money.cnn.com/2009/02/06/news/economy/TARP_foreclosures/index.htmThis much we know -- the Obama administration wants to set aside between $50 billion and $100 billion to address the foreclosure crisis.Mon, 09 Feb 2009 16:51:00 ESThttp://money.cnn.com/2009/02/06/news/newsmakers/geithner.plan.fortune/index.htmhttp://money.cnn.com/2009/02/06/news/newsmakers/geithner.plan.fortune/index.htmThe Obama administration is about to face its first significant financial test.Sun, 08 Feb 2009 18:56:00 ESThttp://www.cnn.com/2009/POLITICS/02/06/smick.bailout/index.html#cnnSTCTexthttp://www.cnn.com/2009/POLITICS/02/06/smick.bailout/index.html#cnnSTCTextThis week, the Obama administration launched an angry campaign (and rightly so) targeting the greed of the financial services industry.Fri, 06 Feb 2009 17:52:00 ESThttp://money.cnn.com/2009/02/06/news/economy/cohan_wallstreetbailout.fortune/index.htmhttp://money.cnn.com/2009/02/06/news/economy/cohan_wallstreetbailout.fortune/index.htmSo far the Obama Administration's talk about fixing the economy through buying toxic assets, creating a bad bank, and deploying more TARP funds has left many financiers cold. That's why some leading Wall Street heavyweights including Thomas Flexner, the global head of real-estate investment banking at Citigroup, Wes Edens, the CEO of Fortress Group, and Barry Sternlicht, CEO of Starwood Capital Group, have been quietly circulating their own proposal. FORTUNE recently obtained a copy.Fri, 06 Feb 2009 16:42:00 ESThttp://www.cnn.com/2009/POLITICS/02/05/geithner.plan/index.html#cnnSTCTexthttp://www.cnn.com/2009/POLITICS/02/05/geithner.plan/index.html#cnnSTCTextThe Obama administration is planning a separate financial stability plan that could cost hundreds of billions of dollars on top of the massive stimulus package the Senate is struggling with, two senior administration officials said.Fri, 06 Feb 2009 03:58:00 ESThttp://money.cnn.com/2009/02/05/news/economy/tarp_oversight_hearing/index.htmhttp://money.cnn.com/2009/02/05/news/economy/tarp_oversight_hearing/index.htmThe Treasury Department overpaid for the assets it purchased as part of the $700 billion financial sector bailout, according to testimony of a bailout oversight official before Congress on Thursday.Thu, 05 Feb 2009 17:03:00 ESThttp://money.cnn.com/2009/02/05/news/economy/tarp_recommendations/index.htmhttp://money.cnn.com/2009/02/05/news/economy/tarp_recommendations/index.htmThe $700 billion financial sector bailout needs an oversight makeover, according to a report that an oversight official will present to Congress on Thursday.Thu, 05 Feb 2009 08:40:00 ESThttp://money.cnn.com/2009/02/04/news/economy/tarp_hearing/index.htmhttp://money.cnn.com/2009/02/04/news/economy/tarp_hearing/index.htmThe chairman of the House Financial Services Committee, Rep. Barney Frank, D-Mass., invited CEOs from the first eight companies that received bailout funds to testify in an accountability hearing on the Troubled Asset Relief Program.Wed, 04 Feb 2009 20:14:00 ESThttp://money.cnn.com/2009/02/03/news/companies/citigroup_tarp/index.htmhttp://money.cnn.com/2009/02/03/news/companies/citigroup_tarp/index.htmCitigroup offered its first glimpse Tuesday into how it is spending the $45 billion in government bailout money that the ailing bank has received in recent months.Tue, 03 Feb 2009 23:35:00 ESThttp://money.cnn.com/2009/02/03/markets/thebuzz/index.htmhttp://money.cnn.com/2009/02/03/markets/thebuzz/index.htmBusiness may be slow for the nation's big banks -- but their public relations departments sure are busy!Tue, 03 Feb 2009 22:10:00 ESThttp://money.cnn.com/2009/02/03/news/economy/treasury_funds_healthy_banks/index.htmhttp://money.cnn.com/2009/02/03/news/economy/treasury_funds_healthy_banks/index.htmThe Treasury Department on Tuesday detailed 42 local banks that recently received a combined $1.15 billion in government bailout funds.Tue, 03 Feb 2009 21:15:00 ESThttp://money.cnn.com/2009/02/02/markets/thebuzz/index.htmhttp://money.cnn.com/2009/02/02/markets/thebuzz/index.htmPunxsutawney Phil saw his shadow this morning. Does that mean another six weeks of horrific stock-market losses? The worst January for stocks in history is over. But so far, February is looking no different, with the Dow and S&P 500 each falling about 1% early Monday morning before recovering as the trading session wore on.Mon, 02 Feb 2009 17:47:00 ESThttp://money.cnn.com/2009/01/30/markets/thebuzz/index.htmhttp://money.cnn.com/2009/01/30/markets/thebuzz/index.htmThe government forced Citigroup to cancel its order for a brand new $50 million corporate jet. Now, two Congressmen are hoping that the Obama administration will convince the beleaguered bank to scrap its naming rights deal with the New York Mets.Fri, 30 Jan 2009 17:49:00 ESThttp://money.cnn.com/2009/01/30/news/companies/tully_bofa.fortune/index.htmhttp://money.cnn.com/2009/01/30/news/companies/tully_bofa.fortune/index.htmOn Sept. 15 last year, Bank of America CEO Ken Lewis triumphantly unveiled his $50 billion deal to buy Merrill Lynch, an American icon. Lewis, 61, had coveted Merrill for years, and he planned nothing less than a cultural revolution. The steady, watch-the- nickels branch banker from Charlotte would impose commonsense discipline on the wounded bull, banishing the profligate practices he'd long reviled, especially inflated pay and the high-risk trading that had landed Merrill in so much trouble.Fri, 30 Jan 2009 12:23:00 ESThttp://money.cnn.com/2009/01/30/news/bailout.what.next.fortune/index.htmhttp://money.cnn.com/2009/01/30/news/bailout.what.next.fortune/index.htmThe Obama administration is intent on fixing the banks. But doing so won't be simple or cheap.Fri, 30 Jan 2009 08:47:00 ESThttp://money.cnn.com/2009/01/29/news/economy/toxic_assets.fortune/index.htmhttp://money.cnn.com/2009/01/29/news/economy/toxic_assets.fortune/index.htmIt is hard to ignore the reality that the banking crisis is experiencing another significant flare-up. Headlines are becoming scary again, with questions now raised about the future of institutions (see Bank of America) that had been somewhat shielded from the brunt of the initial storm that broke out last September.Thu, 29 Jan 2009 21:02:00 ESThttp://money.cnn.com/2009/01/29/news/bailout.fairness.fortune/index.htmhttp://money.cnn.com/2009/01/29/news/bailout.fairness.fortune/index.htmThe Obama administration is trying to fix the bank bailout process. But they have their work cut out for them.Thu, 29 Jan 2009 08:59:00 ESThttp://money.cnn.com/2009/01/27/news/companies/citigroup/index.htmhttp://money.cnn.com/2009/01/27/news/companies/citigroup/index.htmCitigroup CEO Vikram Pandit downplayed the notion that his bank, or any other major financial institution for that matter, would be taken over the by the U.S. government.Tue, 27 Jan 2009 22:55:00 ESThttp://money.cnn.com/2009/01/27/news/companies/citigroup_jet/index.htmhttp://money.cnn.com/2009/01/27/news/companies/citigroup_jet/index.htmCitigroup reversed course Tuesday, a day after a Treasury Department official called the struggling company and "told them it was unacceptable" to accept delivery of a new $42 million corporate jet, a senior administration official said.Tue, 27 Jan 2009 21:12:00 ESThttp://money.cnn.com/2009/01/27/news/bigger.bailout.fortune/index.htmhttp://money.cnn.com/2009/01/27/news/bigger.bailout.fortune/index.htmThe cost of the bank bailout is likely to be much higher than $700 billion.Tue, 27 Jan 2009 16:21:00 ESThttp://money.cnn.com/2009/01/26/news/geithner.senate.vote/index.htmhttp://money.cnn.com/2009/01/26/news/geithner.senate.vote/index.htmSenate lawmakers voted Monday to confirm Tim Geithner as the next Treasury secretary amid ongoing uncertainty about the nation's economic future.Tue, 27 Jan 2009 01:08:00 ESThttp://money.cnn.com/2009/01/23/markets/credit/index.htmhttp://money.cnn.com/2009/01/23/markets/credit/index.htmCredit markets remain under pressure as the weak economy and ongoing turmoil in the banking sector continue to take a toll on lending confidence.Fri, 23 Jan 2009 21:36:00 ESThttp://money.cnn.com/2009/01/21/news/geithner.hearing/index.htmhttp://money.cnn.com/2009/01/21/news/geithner.hearing/index.htmTreasury Secretary-designate Tim Geithner called for bold action to blunt the economic downturn and promised to tighten the terms for companies getting federal financial help.Wed, 21 Jan 2009 19:33:00 ESThttp://money.cnn.com/2009/01/20/markets/bondcenter/credit/index.htmhttp://money.cnn.com/2009/01/20/markets/bondcenter/credit/index.htmGovernment debt prices fell Tuesday as Barack Obama was sworn in as the nation's 44th president, with the struggling economy - and government efforts to revive it - serving as a backdrop.Tue, 20 Jan 2009 21:56:00 ESThttp://money.cnn.com/2009/01/20/news/economy/obama_inauguration.fortune/index.htmhttp://money.cnn.com/2009/01/20/news/economy/obama_inauguration.fortune/index.htmWe know this much about how Barack Obama plans to govern: He will deploy the fattest checkbook ever at the disposal of an incoming American president.Tue, 20 Jan 2009 17:55:00 ESThttp://money.cnn.com/2009/01/20/news/economy/obama_first100days/index.htmhttp://money.cnn.com/2009/01/20/news/economy/obama_first100days/index.htmThe scope and intensity of problems facing President Obama are similar only to those that Franklin D. Roosevelt faced in 1933.Tue, 20 Jan 2009 17:53:00 ESThttp://money.cnn.com/2009/01/20/news/companies/banks_capital/index.htmhttp://money.cnn.com/2009/01/20/news/companies/banks_capital/index.htmCan anything satisfy banks' appetite for capital?Tue, 20 Jan 2009 09:19:00 ESThttp://money.cnn.com/2009/01/19/news/loans.banks.fortune/index.htmhttp://money.cnn.com/2009/01/19/news/loans.banks.fortune/index.htmHave the Brits found the way to unclog a backed-up banking system?Mon, 19 Jan 2009 20:39:00 ESThttp://money.cnn.com/2008/04/18/news/companies/anyone_run_citigroup.fortune/index.htmhttp://money.cnn.com/2008/04/18/news/companies/anyone_run_citigroup.fortune/index.htmLet us now consider a famous business convulsion. A year ago the largest banking company in the world, Citigroup, was weeks into one of its best quarters in history. It was invincibly marching toward $6.2 billion in profits for the period, a matter so heartening for Citi's oft-maligned CEO, Charles O. Prince III, that as early as May he was astonishingly inviting reporters (like this writer) to come around and chat.Fri, 16 Jan 2009 21:26:00 ESThttp://money.cnn.com/2009/01/16/markets/bondcenter/credit/index.htmhttp://money.cnn.com/2009/01/16/markets/bondcenter/credit/index.htmPrices for U.S. Treasurys fell Friday as the government's latest efforts to stabilize the shaky financial services sector outweighed grim economic data and weak corporate results.Fri, 16 Jan 2009 19:43:00 ESThttp://money.cnn.com/2009/01/16/news/companies/bofa_new_bailout/index.htmhttp://money.cnn.com/2009/01/16/news/companies/bofa_new_bailout/index.htmBank of America has received another $20 billion from the federal government's bailout fund, along with guarantees on $118 billion of assets at the bank, to absorb its recent purchase of the ailing Merrill Lynch.Fri, 16 Jan 2009 19:32:00 ESThttp://money.cnn.com/2009/01/16/news/stimulus.pitfalls.fortune/index.htmhttp://money.cnn.com/2009/01/16/news/stimulus.pitfalls.fortune/index.htmThe success of President-elect Barack Obama's fiscal stimulus plans may hinge on fixing the banking system - again.Fri, 16 Jan 2009 15:44:00 ESThttp://money.cnn.com/2009/01/15/news/economy/volcker_regulation/index.htmhttp://money.cnn.com/2009/01/15/news/economy/volcker_regulation/index.htmFinancial markets must be made more transparent - with closer attention paid to risk management - in order to prevent another global economic collapse, according to a report released Thursday by a body of top economists led by former Federal Reserve Chairman Paul Volcker.Thu, 15 Jan 2009 16:00:00 ESThttp://money.cnn.com/2009/01/14/news/economy/deflation/index.htmhttp://money.cnn.com/2009/01/14/news/economy/deflation/index.htmRarely has the potential for lower prices been so scary.Thu, 15 Jan 2009 14:24:00 ESThttp://money.cnn.com/2009/01/14/markets/thebuzz/index.htmhttp://money.cnn.com/2009/01/14/markets/thebuzz/index.htmSo much for a smooth confirmation hearing for Timothy Geithner.Wed, 14 Jan 2009 20:56:00 ESThttp://money.cnn.com/2009/01/13/news/companies/tarp_banks/index.htmhttp://money.cnn.com/2009/01/13/news/companies/tarp_banks/index.htmFederal regulators urged Congress Tuesday to release the $350 billion in remaining bank bailout money, even as they lobbied for a different approach to spending the remaining funds.Tue, 13 Jan 2009 20:32:00 ESThttp://money.cnn.com/2009/01/12/news/bush.tarp/index.htmhttp://money.cnn.com/2009/01/12/news/bush.tarp/index.htmPresident-elect Barack Obama made his case Monday to Congress for the release of $350 billion in remaining federal bailout funds.Tue, 13 Jan 2009 03:23:00 ESThttp://money.cnn.com/2009/01/12/markets/bondcenter/credit/index.htmhttp://money.cnn.com/2009/01/12/markets/bondcenter/credit/index.htmTreasury prices rallied off morning lows Monday as investors digested $75 billion worth of government debt headed to market and investors shifted away from equities.Mon, 12 Jan 2009 21:34:00 ESThttp://money.cnn.com/2009/01/09/news/classic.tarp.fortune/index.htmhttp://money.cnn.com/2009/01/09/news/classic.tarp.fortune/index.htmTwo months after Treasury Secretary Henry Paulson pulled the plug on his plan to buy troubled mortgage assets, the financial industry is pushing the government to reconsider.Fri, 09 Jan 2009 21:47:00 ESThttp://money.cnn.com/2009/01/09/news/economy/stimulus_housing/index.htmhttp://money.cnn.com/2009/01/09/news/economy/stimulus_housing/index.htmThere are many ways to spend $800 billion to revive the economy. In recent days, President-elect Barack Obama has ticked off many of them: invest in infrastructure projects, help states pay for Medicaid, cut taxes on the middle class, expand use of renewable energy.Fri, 09 Jan 2009 18:04:00 ESThttp://money.cnn.com/2009/01/06/news/tarp.geithner.fortune/index.htmhttp://money.cnn.com/2009/01/06/news/tarp.geithner.fortune/index.htmDon't expect Tim Geithner to set any records when it comes to doling out the rest of the Treasury's bailout fund.Wed, 07 Jan 2009 20:29:00 ESThttp://money.cnn.com/2008/12/10/news/economy/treasury_budget_deficit_Nov08/index.htmhttp://money.cnn.com/2008/12/10/news/economy/treasury_budget_deficit_Nov08/index.htmThe Treasury Department on Wednesday reported that $164.4 billion was added to the federal budget deficit in November -- bringing the total deficit for the first two months of the fiscal year to $401.6 billion.Wed, 07 Jan 2009 13:26:00 EST