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U.S. to Push Banks to Step Up Lending

U.S. officials are finalizing guidelines for financial firms to encourage those that receive federal rescue money to lend more and curb executive compensation, government sources familiar with the matter said yesterday.

Posted to washingtonpost.com (Weblog) by Anonymous on 11-10-2008
Push Is on for Regulatory Overhaul

As the nation's financial system continues to unravel, lawmakers on both sides of the aisle say the U.S. government appears poised to enact sweeping changes to the spider web of agencies that regulate banks and other financial firms.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-15-2008
U.S. Forces Nine Major Banks To Accept Partial Nationalization

The U.S. government is dramatically escalating its response to the financial crisis by planning to invest $250 billion in the country's banks, forcing nine of the largest to accept a Treasury stake in what amounts to a partial nationalization.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-13-2008
Incumbents Are Attacked for Rescue Plan

On the evening of Sept. 30, Senate Minority Leader Mitch McConnell (R-Ky.) helped unveil a bipartisan deal that would open the door to massive government intervention in the financial markets, calling it "one of the finer moments in the Senate."

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-11-2008
Treasury Weighs Investing In Banks

The Bush administration is hammering out the final details of a plan that would allow the government to inject cash into banks in exchange for ownership stakes in an effort to shore up confidence in the faltering financial system, according to officials and sources who have been in contact with the....

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-09-2008
With No Plan B, House Reluctantly Passes Politically Risky Measure

Henry M. Paulson Jr. was in his corner office in the Treasury Department on Monday afternoon, too nervous to turn on his television, when his chief of staff poked his head into the Treasury secretary's office to tell him the stunning news playing out on Capitol Hill: The House had just defeated the...

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-03-2008
AIG Founder Wielded Personal Influence in Washington

In the four decades that Maurice R. "Hank" Greenberg was at the helm of American International Group, he persuaded Washington to back him on many deals that helped his insurance company beat competitors and ultimately grow into the 18th-largest corporation in the world.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-30-2008
Sweeping Bailout Bill Unveiled

After a week of political tumult and deepening economic anxiety, congressional leaders yesterday rallied support for an historic proposal that would grant the government vast new powers over Wall Street and offer fresh help to homeowners at risk of foreclosure.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-28-2008
Washington Readies Sea Change for Wall Street

The Bush administration yesterday raised the price tag on its emergency plan to revive the U.S. financial system, asking Congress for authority to spend up to $700 billion to relieve crippled financial institutions of their mortgage-based assets, an investment that would exceed the current cost of.....

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-20-2008
A Joint Decision to Act: It Must Be Big and Fast

Early Thursday morning, Treasury Secretary Henry M. Paulson Jr. sipped Diet Coke from a disposable cup in his large office overlooking the White House. Behind him, four flat-screen computer monitors flashed the latest financial data from around the world. Eight aides huddled nearby.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-19-2008

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