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Stories tagged with Financial bailout

Gotbaum stepping into another high-stress job

By Laurie Bennett   |   November 19, 2009 at 9:55am   |   0 Comments

Joshua Gotbaum, recently nominated by President Obama to head the Pension Benefit Guaranty Corporation, has big challenges awaiting him.

John E. Sununu goes silent after leaving bailout panel

By Laurie Bennett   |   November 11, 2009 at 10:16am   |   0 Comments

Former New Hampshire Sen. John E. Sununu made waves after he joined the congressional panel overseeing the bailout, but he has caused barely a ripple since leaving.

Critics question whether it’s profit or revenge that motivates Hank Greenberg

By A. James Memmott   |   October 29, 2009 at 7:27am   |   0 Comments

Is Maurice R. “Hank” Greenberg trying to wreak revenge upon AIG, the company he once led?

Switzerland scores a big gain on UBS deal

By Laurie Bennett   |   August 21, 2009 at 9:40am   |   0 Comments

Of the many motivations ascribed to western governments, direct profit taking isn’t usually high on the list.

Federal pay czar confronts Citi’s $100 million man

By Laurie Bennett   |   August 2, 2009 at 11:44am   |   0 Comments

Andrew J. Hall - art collector, German castle owner and energy-investment guru - is emerging as the latest villain in the public outrage over bailout bonuses.

Union adviser Ronald Bloom heads auto task force

By A. James Memmott   |   July 15, 2009 at 8:03am   |   0 Comments

Ronald W. Bloom, a Wall Street investment banker who went on to become a labor union adviser, is taking over as head of the auto task force.

Media humming about Rattner’s departure from auto task force

By Ric Bohy   |   July 15, 2009 at 8:00am   |   0 Comments

The announcement that Steven Rattner was stepping down as head of the auto task force left political junkies and the press parsing words and deeds for a credible cause.

Befuddled by the financial crisis? Ask Simon Johnson

By A. James Memmott   |   March 25, 2009 at 8:50am   |   2 Comments

Increasingly during the current financial crisis, reporters have been banking on Simon Johnson for analysis and advice.

Despite the outrage, AIG is still too big to fail

By Laurie Bennett   |   March 17, 2009 at 8:04am   |   0 Comments

Amidst the ongoing furor over its multi-million-dollar bonus plan, American International Group has released a list of financial institutions it paid with proceeds from the federal bailout.

Edward Liddy caught in the eye of AIG storm

By Laurie Bennett   |   March 15, 2009 at 9:42am   |   4 Comments

AIG has been described as the company where federal dollars go to die. It may also be a career killer for Edward M. Liddy.

Bank of America board under scrutiny

By Laurie Bennett   |   January 28, 2009 at 10:17am   |   1 Comments

As Bank of America investors question the rocky merger with Merrill Lynch and the events that led to John Thain’s firing last week, the company’s directors are feeling unaccustomed pressure.

GM’s Rick Wagoner is in the hot seat

By Laurie Bennett   |   November 18, 2008 at 9:32am   |   0 Comments

Rick Wagoner, a lifelong car guy who has headed General Motors for the past eight years, needs a little respect and a lot of money.

More money and more government oversight for AIG

By Laurie Bennett   |   November 10, 2008 at 8:59am   |   0 Comments

The federal government today announced a new, bigger bailout for American International Group.

U.S. banks will get a $250 billion cash infusion

By Laurie Bennett   |   October 14, 2008 at 11:52am   |   0 Comments

Treasury Secretary Henry M. Paulson Jr. today said the federal government would inject $250 billion into American banks to restore credit flow in the nation’s financial system.

AIG will get another $37.8 billion from the Fed

By Laurie Bennett   |   October 9, 2008 at 7:51am   |   0 Comments

The Federal Reserve Board announced yesterday that it would provide as much as $37.8 million to American International Group.

Maurice Greenberg avoids congressional hearing on AIG

By Laurie Bennett   |   October 8, 2008 at 11:12am   |   0 Comments

While two former CEOs of American International Group took a beating from Congress yesterday, a third called in sick.

Henry Paulson’s $700-billion man

By Carol Eisenberg   |   October 7, 2008 at 10:20am   |   0 Comments

A 35-year-old former vice president at Goldman Sachs has been tapped to manage the $700-billion bailout.

Richard Fuld says Lehman collapse brought on by ‘lack of confidence’

By Laurie Bennett   |   October 6, 2008 at 1:25pm   |   1 Comments

Lehman Brothers CEO Richard Fuld makes his first appearance on the public stage today since his company declared bankruptcy on Sept. 10.

House approves $700 billion bailout package

By Laurie Bennett   |   October 3, 2008 at 4:09pm   |   0 Comments

Reversing its stance from four days ago, the House today approved the $700 billion financial rescue package.

Obama fund-raiser Bill Perkins buys ads to ’stir’ pot on bailout

By Carol Eisenberg   |   October 3, 2008 at 9:20am   |   2 Comments

Who is Bill Perkins, and why he is spending hundreds of thousands on full-page ads in the New York Times decrying the $700-billion bailout?


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