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SEC extends short-selling ban for financial stocks

Oct. 2, 2008
Federal regulators on Wednesday extended an unprecedented ban against all short-selling in the shares of more than 800 financial companies, keeping it in place at least until after Congress enacts a massive financial bailout plan. The Securities and Exchange...
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Dodd disappointed with financial bailout

WASHINGTON, Dec. 4 (UPI) -- The U.S. auto industry provided more information to show it deserves taxpayer support than financial companies have, U.S. Sen. Christopher Dodd, D-Conn., said.

Insurers seeking banks for bailout funds

WASHINGTON, Nov. 21 (UPI) -- Insurance companies buying banks to qualify for a share of the $700 billion U.S. bailout program have no guarantee the strategy will work, the Treasury 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.

Japan to restrict stock short selling

TOKYO, Oct. 28 (UPI) -- Japan, concerned about the steep stock market plunges, moved up to Tuesday a plan to ban the short selling of shares beginning in November to calm the markets.

Treasury considers helping U.S. insurers

WASHINGTON, Oct. 24 (UPI) -- The U.S. Treasury Department is trying to fit insurance companies into the $700 billion federal bailout package designed primarily for banks, sources said.
Bailout has bank stakes, more FDIC action

Bailout has bank stakes, more FDIC action

WASHINGTON, Oct. 14 (UPI) -- A $250 billion direct stake in banks is among the planks included in the $700 billion bailout plan for the U.S. financial system, President Bush said Tuesday.

Germany to bailout banks with $671 billion

FRANKFURT, Germany, Oct. 13 (UPI) -- German Finance Minister Torsten Albig said Monday the government had proposed a $671 billion bailout plan for the nation's banks.

Bailout won't bail out all, Paulson says

WASHINGTON, Oct. 8 (UPI) -- The $700 billion U.S. financial bailout plan won't save every financial institution, U.S. Treasury Secretary Henry Paulson said Wednesday.

Investor group admonishes SEC

VIENNA, Va., Oct. 7 (UPI) -- An investor trade group Tuesday said the U.S. Securities and Exchange Commission's recent rules change on short selling is flawed.

McCain calls for passage of bailout plan

WASHINGTON, Sept. 28 (UPI) -- Republican U.S. presidential nominee John McCain said Sunday he hopes he will be able to support the Wall Street bailout plan pending before Congress.
Brown, Bush meet on economic crisis

Brown, Bush meet on economic crisis

WASHINGTON, Sept. 26 (UPI) -- British Prime Minister Gordon Brown Friday offered support for the Bush administration's proposed $700 billion bailout of U.S. financial markets.

Poll: Bush bailout plan not popular

PRINCETON, N.J., Sept. 26 (UPI) -- The U.S. public wants Congress to do something to prevent a financial meltdown but does not like President Bush's plan, a poll released Friday found.

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.
Cheney pleads bailout case to House GOP

Cheney pleads bailout case to House GOP

WASHINGTON, Sept. 24 (UPI) -- U.S. Vice President Dick Cheney took a bruising when he talked to House Republicans about the $700 billion Wall Street bailout plan, some at the meeting said.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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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