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President Obama, speaking at the close of a meeting with top bank executives Monday, called on Wall Street to make an "extraordinary" effort to boost the U.S. economy in return for the largely repaid taxpayer bailout the banks took with few strings attached.
U.S. Treasury Secretary Timothy Geithner defended on Thursday the costly bailout of AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
WASHINGTON (Reuters)—U.S. Treasury Secretary Timothy Geithner defended on Thursday the costly bailout of insurer American International Group Inc. and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
Filed under: Careers , The Economy , Housing , Mortgage , Banking , Credit Card Activist Calls For Boycott Of Non-Black Owned Beauty Supply Stores Although he has less notoriety and less fame, professor and black activist Devin Robinson has started a national boycott of non-black owned beauty supply stores to send a message. The message he hopes to send is one of equal treatment, one of fair ...
Nov. 16 (Bloomberg) -- Hungary’s government said it expects the economy to shrink less next year than previously forecast and will refrain from drawing further funds from its bailout as the country’s key export markets emerge from recession.
Nov. 16 (Bloomberg) -- Ukraine’s economy contracted 15.9 percent last quarter, extending the former Soviet state’s decline, as political wrangling stalled the payment of bailout funds needed to keep the country afloat.
Dec. 15 (Bloomberg) -- President Barack Obama told executives from some of the nation’s largest bank yesterday they have a duty to take “extraordinary” steps to boost lending and help the U.S. economy after getting a taxpayer bailout.
President Obama told top bankers Monday to explore "every responsible way" to increase lending, saying they were obliged to help repair the American economy after being saved by the taxpayer-funded bailout.
(AP:WASHINGTON) President Barack Obama told top bankers Monday to explore "every responsible way" to increase lending, saying they were obliged to help repair the American economy after being saved by the taxpayer-funded bailout.
WASHINGTON - President Barack Obama told top bankers Monday to explore "every responsible way" to increase lending, saying they were obliged to help repair the U.S. economy after being saved by the taxpayer-funded bailout. In a statement after more than an hour with the executives, Obama said he reminded them that much of the financial crisis that took the U.S. banking system to the brink of ...
WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner on Wednesday extended the government's $700 billion financial bailout fund to October 2010, saying it was still needed for "significant challenges" in the economy.
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