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Business Institutions

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Top Business Institutions Articles

Displaying items 111-121
  • House blocks bailout: Parties split within

     
    by Mark Silva and updated In a sharply divided vote, with many members of both parties balking, the House today rejected an unprecedented $700-billion bailout for the nation's banks and other financial institutions. And on Wall Street, which Washington...
  • Bailout a 'disgrace,' Congress 'pathetic'

     
    by Frank James Nouriel Roubini, one of the economists who presciently warned that the financial markets and economy were headed for a day-of-reckoning, can't say enough about how bad he believes the Treasury's bailout is. In a blog posting, this......
  • Bailout alternative offered by House Dems

     
    Rep. Peter DeFazio introduces the "No Bailout Act" with other House members on September 30, 2008 on Capitol Hill. (Photo: TIM SLOAN/AFP/Getty Images) by Frank James You know the failed but still alive $700 billion bailout proposal has scrambled......
  • Senate bailout vote pressures House

     
    by Mark Silva So it is the Senate that goes first with the bailout -- some call it rescue -- of the nation's bad-mortgage-clogged banking institutions, with a vote tonight of 74-25. The Senate's strong and bipartisan approval of a......
  • House approves bailout: $700-billion-plus

     
    by Mark Silva With the House's second and successful vote on a $700-billion federal rescue of the nation's financial markets today, the economic challenge facing the next Congress and president is only starting to reveal its dimensions on Capitol Hill.......
  • Fed adds lube to financial gears

     
    by Frank James Federal Reserve Chair Ben Bernanke, one of the world's foremost experts on the Great Depression, has obviously learned much from history and is determined not to repeat it. One reason the Great Depression became so durable according......
  • Obama: Denounces McCain mortgage plan

     
    Obama's campaign decides to denounce McCain's proposal, unveiled in the debate, to spend $300 billion buying mortgages at inflated values from homeowners and renegotiating them. He says it would bail out fraudulent lenders, and seems to be trying to...
  • Details on market bailout emerge

     
    Assistant Treasury Secretary Neel Kashkari speaks to the Institute of International Bankers Monday. (AP/Haraz N. Ghanbari) by James Oliphant Neel Kashkari has a critical job that didn't even exist a few weeks ago. He's the "assistant secretary for...
  • Money mess not from loans to minorities

     
    by Frank James There's been a concerted effort by some to blame the global financial meltdown on lower-income people who got into houses they couldn't afford. The argument takes different forms. The Community Reinvestment Act or CRA forced banks to......
  • Bush: World economies shall overcome

     
    by Mark Silva President Bush, meeting with representatives of the world's major industrial nations, maintains that they are making concerted efforts to confront a global freezing of lending that is dragging down markets worldwide. "I'm confident that...
  • Treasury hires bank to manage bailout

     
    by James Oliphant The Treasury Department Tuesday announced that it has selected Bank of New York Mellon to implement the administration's "rescue plan" to bolster distressed financial institutions. The department hired the New York City-based firm Monday...