Federal Reserve

Treasury Secretary Timothy Geithner testifies to Congress on the AIG bailout (Photo by Ann Heisenfelt/Getty Images)

Opinion: Auto And Bank Bailouts Prove Effective

On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.


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Economist: Lowest Home Equity In Over Half-Century Could Kill Retirement Plans

Traditionally, home equity rises as a mortgage is paid off, but home values continue to plunge since the bubble burst in 2006.


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Merchants, Bankers Square Off In Senate Over Limit On Debit Card Fees

A showdown vote in the Senate over a proposed cap on fees that stores charge for a debit card swipe is pitting bankers against merchants — but will consumers lose either way?

KNX 1070 NEWSRADIO–06/08/2011

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Fed To Name Banks That Received Emergency Loans

The Federal Reserve plans to release documents on Thursday identifying financial companies that received Fed loans to survive the financial crisis.


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Consumer Borrowing Rises For 4th Consecutive Month

Consumers borrowed more in January to purchase new cars but were once again frugal with credit card purchases, offering a mixed sign of their confidence in the economy.


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Fed May Reconsider Plan To Limit Debit Card Fees

The Federal Reserve told Congress on Thursday that it may reconsider its proposal to limit the fee that banks charge merchants for debit card transactions to 12 cents per swipe, the latest twist in a battle over billions of dollars.