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Bailout partnership hurts taxpayer, report says

Apr. 21, 2009
Taxpayers are increasingly exposed to losses and the government is more vulnerable to fraud under Obama administration initiatives that have created a federal bank-bailout program of "unprecedented scope," a government report finds. In a 250-page quarterly...
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Nearly 20 bailout investigations under way

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WASHINGTON, April 21 (UPI) -- A government watchdog has undertaken nearly 20 criminal investigations related to the $700 billion bank bailout program, a congressional report said.

U.S. to go with alternative to 'bad bank'

WASHINGTON, Feb. 7 (UPI) -- The U.S. government has decided to go with an alternative to a "bad bank" to soak up the "toxic" assets held by financial institutions, sources say.

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WASHINGTON, Jan. 15 (UPI) -- Fourth quarter bank losses may require the U.S. government to go beyond the $700 financial bailout package, Federal Reserve officials said this week.

Obama wants changes to bailout program

WASHINGTON, Jan. 11 (UPI) -- President-elect Barack Obama called Sunday for a retooling of the federal government's $700 billion bailout of the U.S. financial industry.

GAO: Bailout program needs more oversight

WASHINGTON, Dec. 2 (UPI) -- The federal government's $700 billion bailout program for the U.S. financial industry lacks sufficient oversight, congressional investigators said.

Swedbank to accept bailout funds

STOCKHOLM, Sweden, Nov. 4 (UPI) -- Swedbank in Stockholm, Sweden, said it would participate in the government's bailout program and also said it would prefer some company.
Bailed out firms are doling out dividends

Bailed out firms are doling out dividends

WASHINGTON, Oct. 30 (UPI) -- A large share of the U.S. federal bailout funds allocated to banks will end up in the hands of the banks' shareholders, much to Sen. Charles Schumer's dismay.

Norway raids bank for pre-bailout trades

OSLO, Norway, Oct. 23 (UPI) -- Norwegian authorities charged the country's largest bank with insider trading based on its alleged foreknowledge of a government financial bailout plan.

Code Pink protesters see red over bailout

WASHINGTON, Oct. 1 (UPI) -- A group demonstrated in the Senate offices of U.S. presidential candidates John McCain and Barack Obama, protesting their support of a Wall Street bailout.

Bank Internasional Indonesia's 2nd bailout

SINGAPORE, May 13 (UPI) -- The troubled PT Bank Internasional Indonesia will get a second financial bailout when the Indonesian government launches a $461 million rights issue later this
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French Open tennis in Paris
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Russian Maria Sharapova signs autographs after winning her French Open womens first round match against Romanian Alexandra Cadantu at Roland Garros in Paris on May 29, 2012. Sharapova defeated Cadantu 6-0, 6-0 to advance to the next round. UPI/David Silpa