At a House hearing, Barney Frank used a witness to send a strong message to the securitization industry.

Congress has an endless capacity to disappoint, but then there is a week like this one, a week that’s almost enough to restore your faith.

As the fear sweeping Wall Street finally reached Congress, House Democrats passed the $700 billion bailout bill in a resounding vote.

The markets may not be as panicked as they were last week, but with every passing day, the situation is getting increasingly dangerous.

After years of acceding to the White House, Republicans in the House found a $700 billion request to be too much.

The $700 billion bailout is uncharted territory not just for Washington lawmakers, but also for lobbyists.

After years of acceding to the White House on a variety of initiatives despite deep misgivings, House Republicans found the administration’s latest proposal to be too much to swallow.

Treasury Secretary Henry M. Paulson Jr. said the upfront cost of a rescue proposal could easily be $500 billion, and outside experts predicted that the bill could reach $1 trillion.

Fearing a global financial crisis, the Federal Reserve reversed course and agreed to bail out the American International Group.

Some lawmakers and experts are considering creating a new agency to dispose of mortgage-related assets that are at the core of Wall Street’s woes.