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With a modicum of hindsight now available, do governments and central banks deserve credit for preventing catastrophe? The early verdict from most scholars, executives and government insiders is...
A House panel has subpoenaed documents that lawmakers say could shed new light on Federal Reserve Chairman Ben Bernanke's role in Bank of America's acquisition of Merrill Lynch.
I'm no fan of...
"June 12 (Bloomberg) -- U.S. taxpayers have reaped a 7.5 percent return on the $45 billion used to rescue Citigroup Inc., more than three times as much as if the money had been invested in the...
The Labor Department released the CPI numbers for March. We saw the first 12-month period of deflation (as measured by the CPI-U) since 1955. Most of the deflation was in the last quarter of 2008....
The Series I Savings Bond currently has a composite rate of 5.64%, and it's available through April 2009. This rate is much higher than you can get now with any CDs, but it's not really that good...
Obama's Treasury Secretary nominee Tim Geithner claims his tax troubles were an honest mistake. Don't believe it for a second. Either he's a liar or an idiot.
The Treasury has decided against granting any relief to retirees who were hoping to take smaller 2008 distributions from their depleted individual retirement accounts.
There has been talk of...
These bonds issued by the U.S. federal government are designed to give investors protection against rising prices, which can eat away at the purchasing power of interest payments. But with...
As this Bloomberg article demonstrates, Treasury has indicated that they are only insuring money market funds that existed at the close of business on Sept. 19 for the next year, but not future...