Paulson endorses bank stock purchase plan

Oct. 10, 2008

WASHINGTON (AP) -- Treasury Secretary Henry Paulson said Friday that the Bush administration will move ahead with a plan to buy stock in financial institutions....

Bailout to get first official critique

WASHINGTON, Dec. 2 (UPI) -- One of three oversight mechanisms for the $700 billion Emergency Economic Stability Act kicks into action in Washington Tuesday.

Fed to ease consumer credit

WASHINGTON, Nov. 25 (UPI) -- The U.S. Federal Reserve Board said Tuesday it would create a new program to help investors purchase credit card-, student- and auto-loan backed securities.

Paulson: No magic bullet for the economy

WASHINGTON, Nov. 25 (UPI) -- U.S. Treasury Secretary Henry Paulson said there's no magic bullet to fix the economy and it is naive to assume one piece of legislation could do so.

Paulson cool to auto company help

WASHINGTON, Nov. 18 (UPI) -- U.S. Treasury Secretary Henry Paulson urged Congress to modify already-passed legislation to help the auto companies rather than expect him to buy stock.

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.

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.

Kanjorski compares Paulson to Hoover

WASHINGTON, Nov. 18 (UPI) -- U.S. Rep. Paul Kanjorski, D-Pa., told Treasury Secretary Henry Paulson there is a "crisis of confidence" across the United States that demands action.

Frank to Paulson: Help homeowners

WASHINGTON, Nov. 18 (UPI) -- U.S. Rep. Barney Frank, D-Mass., Tuesday took U.S. Treasury Secretary Henry Paulson to task for the government's failure to buy up problem mortgages.

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.

FDIC has plan of its own for homeowners

WASHINGTON, Nov. 14 (UPI) -- The Federal Deposit Insurance Corp. has come up with a $24.4 billion plan of its own for helping as many as 1.5 million distressed U.S. homeowners.

Treasury eyes credit-focus bailout

WASHINGTON, Nov. 13 (UPI) -- U.S. officials charged with pulling the country out of its financial malaise say they're working on a credit-focused plan aimed at thawing consumer credit.

U.S. markets close down Wednesday

NEW YORK, Nov. 12 (UPI) -- U.S. stock indexes slid from the opening bell to the close Wednesday on news the U.S. Treasury is considering changes in the $700 billion federal bailout plan.

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.

Bank regulators reviewing guidance plan

WASHINGTON, Nov. 11 (UPI) -- U.S. banking regulators are firming up a guidance plan that would dictate rules for banks participating in the federal financial bailout plan, sources said.

Treasury restructures AIG bailout

WASHINGTON, Nov. 10 (UPI) -- The U.S. Treasury said Monday it would purchase stock in the nation's largest insurance company as part of a plan to restructure its federal aid.