bailout
Bush says he won't back bill that bails out lenders
WASHINGTON - President Bush, acknowledging the economic "tough times" for many Americans, said today that he remains opposed to any homeowner rescue legislation that would be a bailout for lenders.
Bush administration opposes housing package
WASHINGTON - A top housing official said today that the Bush administration "strongly opposes" Democrats' housing rescue package, calling it a bailout that would expose taxpayers to excessive risk.
Fannie, Freddie losses could hurt U.S. credit rating, report says
WASHINGTON - A deep recession could force mortgage-finance titans Fannie Mae and Freddie Mac to require a federal bailout large enough to hurt the U.
Mortgage Crisis Bailout: Relief for Some, Risk for Others (Knowledge at Wharton)
Does the mortgage crisis demand a government bailout? A year ago, most experts thought not. Sad as the situation was for some homeowners, many felt the problem would be confined to those who had gambled on risky loans with eyes open. But things have changed. The mortgage crisis is behind a nationwide drop in home values that is impeding all types of lending. More and more experts now say some ...
O.C. investments lose market value as SIV nears default
The investment in England-based Whistlejacket is a small portion of Orange County's overall portfolio, but the once-bankrupt county remains gun-shy about financial risk. Orange County's latest investments in complex financial deals took a turn for the worse Wednesday when a fund in which the county placed $80 million neared default after a major U.K. bank aborted plans for a bailout.
