The Congressional panel overseeing the $700 billion federal bailout has expressed growing concern about the effectiveness and execution of the rescue plan.
The Congressional panel overseeing the $700 billion federal bailout has expressed growing concern about the effectiveness and execution of the rescue plan.
Resumption of their old operations is no longer an option, the Treasury secretary said.
Were the measures used to evaluate Wall Street trades flawed? Or was the mistake ignoring them?
The debt-for-equity swap that was intended to help GMAC raise enough capital to qualify for federal aid.
In the bailout for American automakers, there are disquieting signs that the Treasury and Fed are not totally in accord.
The day after an injection from the government, the financing affiliate of G.M. said it would immediately ease the conditions for borrowers to have access to its loans.
Wall Street showed more signs of stability after Washington’s latest lifeline to the auto industry.
After an injection from the Treasury Department, GMAC said it would offer financing to a wider range of buyers.
A day after the Treasury Department injected billions of dollars into the lender, GMAC said that it would offer financing to a wider range of customers.
Top players in the savings and loan bailout of the 1990s are seeking to capitalize on the latest economic meltdown.