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Lehman: The next bailout?
Washington - Has the US entered a new era of government bailouts for business?
People:Nancy Pelosi Activities:Lehman Brothers Bankruptcy U.S. Mortgage Giant Bailout 2008 IndyMac Collapse
2008-09-13
Prosecutor becomes figure in mortgage mess
LOS ANGELES (Reuters) - Thomas O'Brien, the U.S. Attorney for California's Central District, is emerging as a likely prosecutor in criminal cases expected from the U.S. mortgage meltdown.
Nations:U.S. People:Dianne Feinstein Activities:2008 IndyMac Collapse
2008-09-07
FDIC: 117 troubled banks, highest level since 2003
WASHINGTON - The number of troubled U.S. banks leaped to the highest level in about five years and bank profits plunged by 86 percent in the second quarter, as slumps in the housing and credit markets continued.
Nations:U.S. Activities:2008 IndyMac Collapse 2007 Global Credit Crunch Source:(AP)
2008-08-26
Is Your Bank Safe?
Nothing says hard times like people standing outside a bank demanding their money. IndyMac Bancorp's (idmc.pk.PK) failure and the resulting chaos were reminiscent of Depression-era bank runs even if the country's economic condition doesn't marginally resemble that era. But in an economic slowdown with few visual reference points -- what does a subprime loan look like anyway? -- IndyMac's failure carried a clear message for some: Stick your money under the mattress.
Nations:U.S. People:Henry Paulson Charles Schumer Activities:2008 IndyMac Collapse 2007 Global Credit Crunch Source:(BusinessWeek)
2008-07-28
Paulson braces public for months of tough times
WASHINGTON - Treasury Secretary Henry Paulson sought to reassure an anxious public Sunday that the banking system is sound, while also bracing people for more troubled times ahead.
People:Henry Paulson Roy Blunt Barack Obama Activities:2008 IndyMac Collapse Source:(AP)
2008-07-20
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