Wall Street bailout – News Stories About Wall Street bailout - Page 11

Paulson to Banks: Do It for Your Country

Oct 14, 2008 1:00 AM CDT

Paulson to Banks: Do It for Your Country

$250B bailout needed to restore faith, keep capital at home

(Newser) - The $250 billion plan to guarantee new bank debt and unlimited bank deposits in certain accounts isn’t just an option, Treasury Secretary Paulson told the chiefs of nine banks yesterday; it’s for the good of the country. The plan, the country’s response to similar European banking actions,...

Here Comes the New Bailout Plan

Oct 13, 2008 5:40 PM CDT

Here Comes the New Bailout Plan

Paulson will match Europe's effort by spending $250B on stock in 9 banks

(Newser) - The US version of Europe's new financial bailout plans is coming tomorrow, the Wall Street Journal reports. In the wake of a rollout by European nations today, and soaring stock markets worldwide, Washington will do what it dissed only weeks ago: snap up billions in bank equity stakes. The...

Dow Gains 936 on New Bailouts

MARKETS

Oct 13, 2008 3:35 PM CDT

Dow Gains 936 on New Bailouts

Biggest one-day boost for Dow on record

(Newser) - Weekend news of coordinated global action to buy stakes in troubled banks cheered investors, and the Dow posted its biggest-ever 1-day jump in both points and percentage today, MarketWatch reports. The index rose 936.42 to 9,387.61, the Nasdaq jumped 194.74 to 1,844.25, and the...

Hitchens:
We're Now
a Banana
Republic

OPINION

Oct 10, 2008 2:28 PM CDT

Hitchens: We're Now a Banana Republic

Accountability is nil, the president useless

(Newser) - The credit crisis has laid bare the failings of US government, writes Christopher Hitchens in Vanity Fair, putting us on par with other banana republics such as Zimbabwe and Venezuela. How else to describe this "collusion between the overweening state and certain favored monopolistic concerns, whereby the profits can...

The Maverick Will Rise Again

OPINION

Oct 10, 2008 2:01 PM CDT

The Maverick Will Rise Again

Conservatives may have turned against him, but the National Review hasn't

(Newser) - Wall Street is reeling, but the real depression has set in among Republicans who seem resigned to losing the White House. "Yet for all the gloom, there are several reasons why this race is by no means over," Victor David Hanson writes for the National Review. The neocon...

Bottom-up Bailout: Pay Off Delinquent Mortgages

OPINION

Oct 1, 2008 11:55 AM CDT

Bottom-up Bailout: Pay Off Delinquent Mortgages

Using tax money to pay delinquent mortgages would revive markets

(Newser) - Rescuing ordinary Americans—not Wall Street—should be the theory behind the government bailout, and that means paying off delinquent mortgages, say two Yale professors in the Washington Post. If that sounds unfair, it is, but it's "a small price to pay to avoid a rapid transition to a...

SEC Relaxes
'Fire Sale'
Assets Rule

Oct 1, 2008 3:23 AM CDT

SEC Relaxes 'Fire Sale' Assets Rule

Aims to ease pressure by freeing assets from free-market value

(Newser) - The SEC is relaxing enforcement of a controversial rule in a bid to ease pressure on banks during the financial crisis, the New York Times reports. Current accounting rules require companies to value assets at a fluctuating fair market price. In the current financial chaos, values are rapidly heading south,...