Economic Ripples From Mumbai, Citigroup
Nov 29th, 2008 · This week, India's financial hub was attacked, Citigroup was guaranteed billions more in bailouts and Black Friday opened the holiday shopping season.
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Government Officials Go To 'Bailout Well' Again
Nov 26th, 2008 · Federal officials are hoping they have finally found a way to jump-start the sagging credit markets and get the economy moving again. It involves buying or guaranteeing up to $800 billion in debt — much of it held by the giant mortgage companies Fannie Mae and Freddie Mac.
Judge Uses Barney As Punishment For Noise
Nov 25th, 2008 · A judge in Fort Lupton, Colo., has found a novel way to punish young noise offenders. Judge Paul Sacco is making them pay the requisite fine and making them face his own list of songs they're guaranteed to hate, including Barry Manilow and Barney the purple dinosaur.
GM's Opel Wants German Loan Guarantees
Nov 18th, 2008 · Executives from General Motor's European unit, Opel, met Monday with German Chancellor Angela Merkel. They want more than $1 billion in loan guarantees from the German government. Opel is seeking the guarantees because the company expects difficult credit conditions on the open market due to the world financial crisis.
Government Plan Would Guarantee Some Mortgages
Oct 30th, 2008 · The federal government appears to be on the verge of announcing a massive plan to help home owners struggling to avoid foreclosure. The plan could involve hundreds of billions of dollars in government loan guarantees.
To Stem Foreclosures, FDIC Chief Mulls Guarantees *
Oct 23rd, 2008 · The Bush administration is reportedly considering a new program aimed at helping individual homeowners stay in their homes and avoid foreclosure. Sheila Bair, chairman of the Federal Deposit Insurance Corp., has told lawmakers the government should provide loan guarantees as an incentive to get loan-servicers to modify existing mortgages.
FDIC Chief Eyes Guarantees To Stem Foreclosures
Oct 23rd, 2008 · FDIC Chairman Sheila Bair suggested the government guarantee mortgages as a means of avoiding foreclosures. And former Federal Reserve Chairman Alan Greenspan said he had been wrong to believe banks would be more prudent in their lending practices before the financial crisis hit.
Dutch Bank ING The Latest To Get A Cash Infusion *
Oct 20th, 2008 · Governments around the world continue to announce financial rescue plans. Dutch officials poured more than $13 billion into their country's largest bank, ING. Over the weekend, ING became the latest European bank to seek government help. And Swedish officials have announced they're setting up a bailout fund. They'll also guarantee some Swedish bank debt worth $200 billion.
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