Oct 14th, 2008 · The government's decision to purchase minority stakes in financial institutions and further expand its deposit insurance programs will give it unprecedented power over financial institutions. It's an intervention many find unsavory, but necessary.
Oct 6th, 2008 · More European governments are following Germany's lead by offering blanket deposit guarantees to savers in a frantic effort to calm fears among investors over the worst financial crisis in 80 years. Sweden became the latest to act.
Oct 2nd, 2008 · Across the country, homes are going cheap. In Saginaw, Mich., one just sold on eBay. The winning bid came from Joanne Smith of Chicago. The price: $1.75. In Texas, Cissie Owen has found her beach cabin. She thought Hurricane Ike destroyed it. Turns out the storm surge picked it up, moved it across the highway, and deposited it completely intact. Owen calls it a "feisty little cabin." She has no plans to move back in.
Oct 1st, 2008 · The Senate is taking up the $700 billion plan to rescue Wall Street. Benton Ives, economics and finance reporter for the Congressional Quarterly, says the legislation is largely the same as the one the House rejected Monday, but with added tax breaks and an increase on the deposit insurance cap.
Sep 30th, 2008 · Senator Barack Obama has proposed a fix to the bailout legislation. He wants to expand federal deposit insurance for families and small businesses. Currently bank deposits are insured up to $100,000. His plan would more than double that limit to $250,000.
Apr 11th, 2008 · New rules mandate that reports of research funded by the National Institutes of Health, the major medical research funding agency in the U.S., must be made freely available after a maximum of one year. A publication based on NIH-funded work is now required to be deposited in a public database.
Feb 21st, 2008 · A New York man discovered $5 million in his account. He says told bank officials the money wasn't his to no avail. Only after he withdrew $2 million did the bank realize it confused him with another customer. Now he's accused of grand larceny.
Feb 13th, 2008 · A deposition from baseball player Andy Pettitte read Wednesday on Capitol Hill contradicts Clemens' denial that he used performance-enhancing drugs. His trainer's testimony also provoked skepticism.