- The Obama Administration has launched the Financial Fraud Task Force to investigate issues related to the economic crisis. The Department of Justice will lead the task force's efforts to combat fraud in such areas as mortgage lending, stimulus spending and the government's bailout of the financial sector. Host Liane Hansen talks with Department of Justice Associate Attorney General Tom ...

Earlier this week, the inspector-general for the Troubled Asset Relief Program, a.k.a. the bank bailout fund, released his report on the 2008 rescue of the insurer American International Group.

The United States has started an auction process to bring in a market price for a handful of companies’ warrants, including JPMorgan’s.

A government report on the bailout of A.I.G. is must reading for taxpayers looking to know why the $182 billion “rescue” is the most troubling episode of the financial disaster.

U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.

As the Obama administration considers how to approach the next phase of the $700 billion financial bailout, questions are being raised on Capitol Hill about whether it is helping the economy.

His shirt sleeves rolled up, U.S. Rep. Ed Perlmutter was in a fighting mood as he worked fellow members of the Financial Services Committee last week, but by then the cause was already lost.

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner defended on Thursday the costly bailout of AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.

WASHINGTON — His shirt sleeves rolled up, U.S. Rep. Ed Perlmutter was in a fighting mood as he worked fellow members of the Financial Services Committee last week, but by then the cause was alre...

The rescue, which funneled billions of dollars to banks that traded with AIG, amounted to a “backdoor bailout” of the firms, Representatives Roy Blunt of Missouri and Spencer Bachus of Alabama wrote in a letter to Barney Frank , the Massachusetts Democrat who heads the House financial services committee.