Detroit Bailout Looks Unlikely

Staff / Truthdig Nov 18, 2008 The chief executives of the Big Three American car companies head to Washington Tuesday along with the head of the United Auto Workers to beg Congress for a bailout that seems less and less probable. Dig deeper ( 1 Min. Read )

And Now, Even More Bad Financial News

Staff / Truthdig Oct 8, 2008 There will hopefully come a day when the news from Wall Street is actually good (at the moment, anything better than utterly terrifying news would be nice), but Tuesday was not that day, despite Federal Reserve Chairman Ben Bernanke's intimations that help could soon be on the way. Dig deeper ( 1 Min. Read )

Bailout Deal (Almost) Done

Staff / Truthdig Sep 28, 2008 Early Sunday morning brought word that the end of the drawn-out bailout negotiations between warring factions of the federal government might finally be at hand, although the House and Senate had not yet officially approved terms of the proposed plan. Updated Dig deeper ( 1 Min. Read )

Fannie and Freddie’s Double Whammy

Bill Boyarsky / Truthdig Sep 9, 2008 With a stunningly vicious pair of blows, the faltering world economy -- the Godzilla of this year's presidential race -- has made the candidates look small. Why hasn't this looming crisis been part of the presidential debate? Dig deeper ( 4 Min. Read )

Bad Loans and the Bankers Who Love Them

Staff / Truthdig Aug 27, 2008 The FDIC's list of "problem" banks grew by 30 percent in the last quarter, with more on the way. The net income of FDIC-insured lenders, meanwhile, has plummeted 87 percent. IndyMac, one of nine banks to kick the bucket in 2008, cost the FDIC $8.9 billion. Dig deeper ( 1 Min. Read )

10 Troubled Banks

Staff / Truthdig Jul 16, 2008 While depositors at IndyMac banks in California do battle for a chance to get their cash out, financial analysts have been crunching the numbers to identify other troubled lenders. ABC News snuck a peek to come up with this handy guide to banks with an unfortunate "Texas ratio." Dig deeper ( 1 Min. Read )

Housing Signs Point to More Market Woes

Staff / Truthdig Jun 6, 2008 The housing market is continuing its descent into Slumpsville, judging by the way things have gone over the first quarter of 2008, and indicators don't look good for the immediate future, either. American homeowners have been forced into foreclosure in record numbers this year and late payments have soared to a new high. Dig deeper ( 1 Min. Read )

11 Million Reasons to Stay in the Race

Staff / Truthdig May 9, 2008 Hillary Clinton is under immense pressure to exit the campaign, but thanks in part to one of her rivals, she would be saying goodbye to more than the presidency. Because of the McCain-Feingold campaign finance law, Clinton has until the convention in August to recoup her loans. After that, she could be out more than $11 million. Dig deeper ( 3 Min. Read )

When Losing $10 Billion Is a Relief

Staff / Truthdig Jan 15, 2008 You know the economy is in trouble when investors and analysts are relieved that Citigroup lost only $9.83 billion in the last quarter of 2007. The banking giant managed to squeeze a few billion out of Abu Dhabi and Singapore, and will still pay a dividend on its stock, so for now the mood is upbeat. Dig deeper ( 1 Min. Read )

Home Foreclosures on the Rise

Staff / Truthdig Mar 5, 2007 As interest rates continue to spiral out of control for many high-risk borrowers, the number of home foreclosures around the country is steadily going up. There isn't much good news for the opportunistic lenders either -- more than 20 mortgage companies have already gone bankrupt. Dig deeper ( 1 Min. Read )

FEC: Frist Violated Election Law in 2000

Staff / Truthdig Jun 2, 2006 The Federal Election Commission, acting on a report by a watchdog group, found that Senate Majority Leader Bill Frist failed to disclose a $1.44 million loan that made it appear as though he had significantly more money than he did. Dig deeper ( 1 Min. Read )

Powell – Fiscal Folly

Dwayne Powell Mar 20, 2006 Dig deeper