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Articles Written by: JOHN DUNBAR
WASHINGTON—The radical shift in the focus of the $700 billion economic bailout package led one senator Wednesday to question what the young prosecutor tapped to be the program's inspector general will be investigating.
"I wonder why taxpayers should ...
From JOHN DUNBAR,
Boston Globe,
19 Nov 2008
President George W. Bush's choice to be the federal watchdog over the $700 billion bailout for banks and other financial companies promised Monday to use his experience prosecuting mortgage and securities fraud to keep Congress apprised about ...
From JOHN DUNBAR,
eTaiwan News,
17 Nov 2008
WASHINGTON — Some of the nation's largest banks sharing in the $700 billion government bailout of the financial industry tried to assure lawmakers Thursday they are using the money to make more loans and help financially strapped homeowners avoid ...
Some of the largest U.S. banks sharing in the $700 billion government bailout of the financial industry tried to assure lawmakers Thursday they are using the money to make more loans and help financially strapped homeowners avoid foreclosure. ...
From JOHN DUNBAR,
eTaiwan News,
13 Nov 2008
Members of Congress complained Thursday that U.S. banks have not used $163 billion infusion of capital, already received or promised by the government, to open credit lines for more lending.
"In these uncertain and difficult times, banks are ...
From JOHN DUNBAR,
eTaiwan News,
13 Nov 2008
"The committee has asked whether (bailout) funds would be spent on executive compensation," said Jon Campbell, regional banking president for Wells Fargo & Co. in his testimony. "The answer is no. Wells Fargo doesn't need the government investment to ...
WASHINGTON (AP) - Congress is looking at requiring banks and other financial institutions to increase their lending to qualify for the second half of a $700 billion bailout program.
Lawmakers complained at a Senate Banking Committee hearing Tuesday ...
Congress is looking at requiring banks and other financial institutions to increase their lending to qualify for the second half of a $700 billion bailout program.
Lawmakers complained at a Senate Banking Committee hearing Tuesday that banks have not ...
Members of Congress complained Thursday that banks haven't used $163 billion infusion of capital, already received or promised by the government, to open credit lines for more lending.
"In these uncertain and difficult times, banks are inclined to ...
From JOHN DUNBAR,
Newsvine,
13 Nov 2008
Mortgage industry representatives told skeptical U.S. lawmakers Wednesday that investors in mortgage-backed securities are not hindering government efforts to stem an increasing tide of foreclosures.
"Because foreclosure is usually the most ...
From JOHN DUNBAR,
Taiwan News,
12 Nov 2008
