bailout – News Stories About bailout - Page 29

House Republicans Return
to Bailout Negotiations

Sep 26, 2008 5:01 PM CDT

House Republicans Return to Bailout Negotiations

Key concessions, and a desire to approve legislation, put talks back on track

(Newser) - After a dramatic exit yesterday, House Republicans returned to talks today on the Wall Street bailout plan, the Washington Post reports. The White House expressed confidence and hoped aloud for a resolution by Monday. Yesterday’s White House meeting, with both candidates, was seen as a misstep. “The insertion...

Up Day Still Means Down Week

MARKETS

Sep 26, 2008 3:47 PM CDT

Up Day Still Means Down Week

WaMu spooks markets, but optimism over bailout remains strong

(Newser) - Stocks lost value for most of today’s session as progress slowed on the Wall Street bailout plan, but turned sharply higher in the last few trading hours, MarketWatch reports. Despite mixed gains today, all indices saw losses during a tumultuous week. The Dow gained 121.07 to 11,143....

Newt 'Having a Ball'
Bashing Bailout

OPINION

Sep 26, 2008 3:21 PM CDT

Newt 'Having a Ball' Bashing Bailout

History repeats itself for Gingrich

(Newser) - Newt Gingrich is back, and once again, he’s giving grief to a president named Bush. Gingrich rose to prominence, you’ll recall, by raking the elder Bush over the coals over an oil tax proposal. Now, after a few years in the wilderness, he’s loudly calling for a...

Goldman Sachs
Is DC's Top
Sugar Daddy

ANALYSIS

Sep 26, 2008 2:20 PM CDT

Goldman Sachs Is DC's Top Sugar Daddy

$43M since '89 on lobbying, donations greases bailout wheels

(Newser) - Goldman Sachs has given Washington plenty of reasons to help it out—43 million reasons, to be precise. Goldman bankers have been the nation’s biggest campaign contributors this year, and have poured more than $43 million into lobbying and campaign war chests since 1989, ABC News reports. “They...

'What We Need Are a Few Public Hangings'

OPINION

Sep 26, 2008 1:26 PM CDT

'What We Need Are a Few Public Hangings'

String up some CEOs to satisfy the mob, and get on with a bailout

(Newser) - The masses are agitated, and so is Congress. How dare Henry Paulson ask for so much money to bail out those greedy Wall Street evil-doers? The truth, writes Charles Krauthammer, is that Paulson is a lame duck doing his best to save the economy, and that the crisis was mostly...

Swallow the Anger and Pass
a Bailout: Pearlstein

OPINION

Sep 26, 2008 12:18 PM CDT

Swallow the Anger and Pass a Bailout: Pearlstein

Time to act, act fast, and be prepared to act again in the future

(Newser) - It's time to suck it up and pass a Wall Street bailout, Steven Pearlstein writes in a blunt piece in the Washington Post. "You're angry. I'm angry," he writes, about having to rescue a bunch of irresponsible high-fliers who put the financial system at risk. But the reality...

O'Neill on Bush: He Doesn't Get It, and 'It Shows'

Sep 26, 2008 11:50 AM CDT

O'Neill on Bush: He Doesn't Get It, and 'It Shows'

Former treasury chief says leaders are acting out of 'panic'

(Newser) - Former Treasury chief Paul O'Neill doesn't have a lot of confidence in the ability of his old boss to find a financial solution, ABC News reports. “I don’t think he understands or knows much about any of this and it shows,” O’Neill said of President Bush....

McCain Will Attend Debate,
Cites Progress on Bailout

Sep 26, 2008 11:06 AM CDT

McCain Will Attend Debate, Cites Progress on Bailout

(Newser) - The debate is on. With lawmakers vowing to stay on the Hill as long as it takes to get a bailout deal, John McCain’s campaign said today that he would attend tonight’s debate with Barack Obama, the New York Times reports. McCain is “optimistic that there has...

Stocks Sink; Bush Pledges Deal

MARKETS

Sep 26, 2008 8:52 AM CDT

Stocks Sink; Bush Pledges Deal

Dow falls over 100 points at open

(Newser) - Socks plummeted today as confidence in the federal bailout program evaporated and investors absorbed the collapse of Washington Mutual. The Dow fell 140 points after the opening bell, while the Nasdaq dropped 2.2% and the S&P fell 1.7%, the Wall Street Journal reports. President Bush gave a...

The GOP Plan: Less Regulation, Private Funding

Sep 26, 2008 8:09 AM CDT

The GOP Plan: Less Regulation, Private Funding

Bush, Paulson, Dems reject conservative counterproposal

(Newser) - When John Boehner scuppered the nearly-sealed bailout deal at yesterday's meeting, the House minority leader proposed an alternative plan: a bank-financed insurance system that would rescue individual mortgages. Under the GOP proposal, the government would not buy up the toxic mortgage-backed securities at the heart of the crisis but instead...

European Markets Slide
as US Rescue Talks Stall

Sep 26, 2008 7:14 AM CDT

European Markets Slide as US Rescue Talks Stall

The lack of resolution in Washington sends shudders around the globe

(Newser) - European markets swooned on news of the US bailout troubles and the failure of Washington Mutual, the Wall Street Journal reports. The Dow Jones Stoxx 600 fell 1.5%, Germany’s DAX index slipped 1.4%, and the UK’s FTSE 100 and France’s CAC-40 each shed 1.3%....

How the Bailout
Talks Broke Down

Sep 26, 2008 7:00 AM CDT

How the Bailout Talks Broke Down

Partisanship, an alternative plan undercut consensus

(Newser) - Hopes were high yesterday morning that a deal was imminent for Treasury Secretary Henry Paulson’s bailout plan, but a surprise GOP revolt at a tense summit with Bush and the presidential candidates scuttled the agreement, and plunged the capital into partisan bickering last night, the New York Times reports....

McCain Stymied
by GOP Bailout Revolt

ANALYSIS

Sep 26, 2008 2:32 AM CDT

McCain Stymied by GOP Bailout Revolt

Deal failure will hurt, while conservatives are bound to criticize 'success'

(Newser) - John McCain made a splash with his dramatic entry into the bailout talks, but he now seems to be floundering, the New York Times writes. The candidate was largely silent during the summit meeting with the president in which the deal was scuttled by Republicans—"more observer than leader,...

Candidates Meet With Bush

updated

Sep 25, 2008 4:05 PM CDT

Candidates Meet With Bush

Details emerge on how money would be doled out

(Newser) - John McCain and Barack Obama met with President Bush and congressional leaders in Washington this afternoon to discuss the evolving bailout plan, the AP reports. With the candidates' help, “my hope is that we can reach an agreement very shortly,” Bush said. Key lawmakers said they had reached...

'Melodramatic' McCain Misfires

OPINION

Sep 25, 2008 3:42 PM CDT

'Melodramatic' McCain Misfires

Decisions to pull out shows McCain is "uncertain" campaigner: Klein

(Newser) - John McCain’s actions yesterday only add to the already-lengthy list of the candidate’s rash overreactions, Joe Klein writes in Time. But this one was particularly poorly thought out, because "the legislative crisis was already receding when he made his melodramatic—and somewhat wild-eyed—suspension of campaign activities...

Stocks Climb Nearly 200 Points

MARKETS

Sep 25, 2008 3:15 PM CDT

Stocks Climb Nearly 200 Points

Poor housing, durable goods goods data don't deter market's optimism

(Newser) - Stocks rallied this afternoon on news that lawmakers had reached a consensus on the Wall Street bailout plan, MarketWatch reports. Optimism proved infectious as GE rose 6.26% despite cutting an earnings estimate earlier today. The Dow climbed 196.89 points to 11,022.06. The Nasdaq gained 30.89...

Gamble Seals
Mac's Presidential Appeal

OPINION

Sep 25, 2008 2:56 PM CDT

Gamble Seals Mac's Presidential Appeal

Looking executive can benefit candidate far more than lip-flapping debate: Kristol

(Newser) - Senators and presidents have very different jobs—one debates and compromises, the other decides and acts. By suspending his campaign and heading to Washington, John McCain proves he’s a man of action, William Kristol writes in the Weekly Standard. The bold move might win over voters looking for the...

Bailout Standoff
Brings Out Worst
in Both Candidates

opinion

Sep 25, 2008 2:31 PM CDT

Bailout Standoff Brings Out Worst in Both Candidates

Despite differing reactions, solutions 'vaguely similar'

(Newser) - The financial crisis is turning the presidential campaign into a “Goldilocks story," Gail Collins writes in the New York Times. McCain, “desperately reinventing his position every day,” has halted his campaign to focus on Wall Street, while Obama has coolly mentioned he may skip out on...

McCain Casts Himself as Hero of Financial Crisis

OPINION

Sep 25, 2008 2:00 PM CDT

McCain Casts Himself as Hero of Financial Crisis

Republican can only win by changing subject from policy to himself

(Newser) - In parachuting into Washington to "rescue" the $700-billion bailout for Wall Street, John McCain demonstrated again that he wants to make the election about himself, not his politicies, writes Harold Meyerson in the Washington Post. With the beleaguered economy an area where Barack Obama is seen as stronger, McCain...

We Don't Really Need a Bailout

OPINION

Sep 25, 2008 1:22 PM CDT

We Don't Really Need a Bailout

With investment banks dead, the point of this is ... what, exactly?

(Newser) - Now that all the big investment firms are no more, why exactly do we need a bailout? Paulson’s plan involves buying assets that are illiquid, but not worthless. “But regular banks hold assets like that all the time,” writes James Galbraith in the Washington Post. “They’...