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'Grave threats'

Sep. 24, 2008
Federal Reserve Chairman Ben Bernanke was back on Capitol Hill Wednesday, warning that the current financial crisis is the most significant in more than 60 years, and that even tougher times are ahead without quick Congressional approval of a controversial Wall Street bailout.
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Bernanke says credit is improving

Bernanke says credit is improving

WASHINGTON, Nov. 18 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke told members of Congress Tuesday the federal equity purchase plan has begun to take hold.
Bernanke urges caution on foreclosures

Bernanke urges caution on foreclosures

WASHINGTON, Nov. 18 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke Tuesday praised the Federal Deposit Insurance Corp.'s approach to heading off home foreclosures.

American Express to become holding company

WASHINGTON, Nov. 11 (UPI) -- The U.S. Federal Reserve granted American Express Co. approval Tuesday to become a bank holding company, opening the door for it to use federal bailout funds.
Bernanke backs a new stimulus bill

Bernanke backs a new stimulus bill

WASHINGTON, Oct. 20 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke said Monday he supports a new economic stimulus package to improve the availability of credit.
Bernanke suggests rate cuts possible

Bernanke suggests rate cuts possible

WASHINGTON, Oct. 7 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke said Tuesday the central bank would reassess its monetary policy, indicating a federal fund rate cut was possible.

Small businesses mixed about bailout

WASHINGTON, Oct. 1 (UPI) -- Acceptance of a federal bailout for Wall Street is mixed among owners of small U.S. businesses with many wondering what's in it for them, analysts said.

Poll: More disapprove of bailout handling

PRINCETON, N.J., Sept. 29 (UPI) -- More Americans say they disapprove of the way most of the U.S. political leaders have handled the financial crisis, a Gallup poll indicated Monday.

Obama inclined to support bailout

WASHINGTON, Sept. 28 (UPI) -- Democratic U.S. presidential hopeful Barack Obama said Sunday he is leaning toward supporting a Wall Street bailout deal pending in Congress.

Bush urges bailout plan support

WASHINGTON, Sept. 27 (UPI) -- President George Bush called on Americans Saturday to back his $700 billion Wall Street bailout proposal as negotiators met to craft the historic legislation.
Sen. Shelby: Bailout as presented flawed

Sen. Shelby: Bailout as presented flawed

WASHINGTON, Sept. 26 (UPI) -- The $700 billion Wall Street bailout proposed by U.S. Treasury Secretary Henry Paulson is structurally flawed, Sen. Richard Shelby, R-Ala., said Friday.
Bailout struggles eroding initial upsurge

Bailout struggles eroding initial upsurge

WASHINGTON, Sept. 25 (UPI) -- The struggle to push a $700 billion financial fix into law in Washington has created even more high-stakes turmoil on Wall Street, analysts said.

Bush: U.S. economy in crisis

WASHINGTON, Sept. 24 (UPI) -- U.S. President George W. Bush said the nation's economy would suffer catastrophic effects if Congress fails to pass a bailout of the financial industry.
Bernanke stumps for bailout again

Bernanke stumps for bailout again

WASHINGTON, Sept. 24 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke in Washington Wednesday repeated his call for support of a massive bailout plan for financial firms.
Bailout bumps into discontent

Bailout bumps into discontent

WASHINGTON, Sept. 24 (UPI) -- Political wrangling over the U.S. Treasury's $700 billion bailout proposal for financial firms leaves the bill's final form up in the air, leaders said.

Obama: Bailout must have oversight

WASHINGTON, Sept. 23 (UPI) -- Democratic presidential candidate Barack Obama said he'd support a bailout of U.S. financial markets only if it had proper oversight and protects taxpayers.
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Memorial Day Ceremonies on the Intrepid Sea Air & Space Museum in New York
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American Military Service members and Veterans hold a 100 foot wide U.S. Flag for Memorial Day ceremonies at the Intrepid Sea Air & Space Museum in New York City on May 28, 2012. UPI/John Angelillo