2008 Financial Bailout

When the U.S. economy was in crisis in October 2008, Congress passed a $700 billion bailout of our financial system. The Troubled Assets Relief Program (TARP) was heavily scrutinized in the media and passionately debated on Wall Street and Main Street. Congress created a bipartisan committee -- on which we served -- to oversee the funds distributed through TARP. The committee conducted dozens of public hearings and produced 30 oversight...  

When the U.S. economy was in crisis in October 2008, Congress passed a $700 billion bailout of our financial system. The Troubled Assets Relief Program (TARP) was heavily scrutinized in the media and passionately debated on Wall Street and Main Street. Congress created a bipartisan committee — on which we served — to oversee the funds distributed through TARP. The committee conducted dozens of public hearings and produced 30 oversight reports...  

the Canada Mortgage and Housing Corp. and the U.S. Fed. A study released Monday by the Canadian Centre for Policy Alternatives (CCPA) estimates the previously secret extent of extraordinary support required by Canada’s banks during the financial crisis.  

When the U.S. economy was in crisis in October 2008, Congress passed a $700 billion bailout of our financial system. The Troubled Assets Relief Program was heavily scrutinized in the media and passionately debated on Wall Street and Main Street. Congress ...  

WASHINGTON -- The U.S. government says Regions Financial Corp. has repaid $3.5 billion received during the 2008 financial crisis, the largest outstanding bailout owed by a bank. The Treasury Department says the government has been paid back $337 ...  

The Senate offered a lifeline to the nearly bankrupt U.S. Postal Service on Wednesday, voting to give the struggling agency an $11 billion cash infusion while delaying controversial decisions on closing post offices and ending Saturday delivery.  

Leaders of Detroit's powerful municipal unions said Wednesday that their workers are being made the scapegoats of the city's financial crisis and will take the brunt of the punishment of a consent deal that almost certainly will mean more cuts in pay and benefits.  

A lot of people-including the government's Financial Crisis Inquiry Commission-tend to view the financial crisis as a result of a failure of capitalism or a result of deregulation. There's some truth to this. But the role that regulatory constraints on market actors played in the crisis still doesn't get enough attention.  

Britain's leading banks have agreed to hold a day of “mass atonement” for the financial crisis after pressure from the Treasury for a “significant act of contrition” according to a series of leaked emails....  

Another of the public-private investment funds set up amid the 2007-09 financial crisis to take bad assets off banks' books said on Tuesday it was winding up operations. Invesco Ltd said it has returned ...  

Japan approves $12.5 billion bailout of nuclear plant operator  

Regulators say US bank mishandled customer funds, contributing to start of 2008 financial crisis.