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Check credit market to see if bailout works

Oct. 4, 2008
Now that Congress has passed the bailout bill, how and when will we know if it is working? Before we can answer those questions, first we have to answer this: What problem was this bailout trying to solve? Although lawmakers tried to rebrand it an "economic...
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Ford exec: As GM goes, so goes industry

WASHINGTON, Dec. 3 (UPI) -- Ford chief executive Alan Mulally told The Washington Post Wednesday that if GM goes bankrupt, the rest of the U.S. auto industry will follow.

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DETROIT, Dec. 3 (UPI) -- A survey indicates 61 percent of U.S. adults said they were flat-out opposed to a federal bailout for U.S. automakers.

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.

Credit tightens on recession fears

NEW YORK, Nov. 21 (UPI) -- The U.S. recession has begun to squeeze credit markets, threatening to erase gains made by the government's massive bailout plan, data show.
Paulson says recovery will take time

Paulson says recovery will take time

WASHINGTON, Nov. 18 (UPI) -- U.S. Treasury Secretary Henry Paulson Jr. told members of Congress Tuesday to look beyond Wall Street to find the effects of the financial bailout.

House grills Treasury on bailout

WASHINGTON, Nov. 14 (UPI) -- A U.S. House panel kept up the congressional criticism of the Treasury Department's handling of the $700 billion financial bailout Friday.

Treasury eyes credit-focus bailout

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Paulson: Bailout not for auto industry

Paulson: Bailout not for auto industry

WASHINGTON, Nov. 12 (UPI) -- The bailout package is for the financial industry, not the U.S. auto industry, despite its importance to the economy, Treasury Secretary Henry Paulson said.

Bailout shifts from buying to investing

WASHINGTON, Nov. 12 (UPI) -- The federal government backed off a plan to buy toxic mortgages, U.S. Treasury Secretary Henry Paulson said Wednesday, favoring a program of investment.

Bailout has failed to boost auto loans

DETROIT, Nov. 10 (UPI) -- The $700 billion bailout package hasn't helped banks loosen their credit standards for automobile loans, a credit analyst said.

Banks lining up for bailout money

WASHINGTON, Nov. 4 (UPI) -- After a slow start, U.S. banks are starting to line up for a share of the $700 billion bailout program approved by Congress, Treasury officials say.

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.

AIG bailout and questions continue

NEW YORK, Nov. 3 (UPI) -- The financial plight of American International Group seems unabated by the company's $143 billion in U.S. bailout funds, one expert said.

Merkel urges banks to accept bailout help

BERLIN, Nov. 1 (UPI) -- German Chancellor Angela Merkel said banks should take advantage of a $637 billion government bailout plan few have availed themselves of so far.
AIG taps new commercial paper program

AIG taps new commercial paper program

NEW YORK, Oct. 31 (UPI) -- U.S. insurer American International Group said its would tap into a third federal bailout option, bringing its total line of government credit to $144 billion.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler