ADVERTISEMENT
It's nowhere near the end of the world, but it does feel like the days immediately after Sept. 11, 2001, when the nation was knocked off its moorings and the future seemed uncertain. ...more
September 21, 2008
Years ago, the federal government bailed out the savings and loan banks. ...more
September 20, 2008
Financial advisers and brokers in the Tampa Bay area found themselves caught up in the turmoil of Wall Street this week as anxious clients called looking for help making sense of the breathtaking sweep of events. The tumult culminated Friday with a federal government plan to cleanse banks of the bad mortgages that had touched off a world financial crisis. The government plan ignited a two-day rally on Wall Street on Thursday and Friday that erased shattering losses earlier in the week when insurance giant AIG, swept up in the mortgage mess, teetered on bankruptcy. ...more
September 20, 2008
A day after he dismissed a federal bailout for American International Group, Republican John McCain announced Wednesday that circumstances had forced him to shift his position and that he supported the proposed $85 billion rescue of the insurance giant. ...more
September 18, 2008
Another day, but not just another bailout. This one's a stunning government takeover. ...more
September 18, 2008
The Federal Reserve forged an extraordinary $85 billion rescue Tuesday night of insurance giant American International Group Inc., offering a respite from two days of chaos in the American financial system. ...more
September 17, 2008
Shares of troubled banks Washington Mutual Inc. and Wachovia Corp. recovered on Tuesday as investors grew hopeful that American International Group Inc. would receive much-needed funding. ...more
September 17, 2008
American International Group Inc. will be allowed to use $20 billion of assets held by its subsidiaries to provide cash needed for the troubled insurer to stay in business, New York Gov. David Paterson said Monday. ...more
September 16, 2008
TAMPA BAY AREA Home Prices Fall Again But Drop More Elsewhere If misery loves company, here's some good news: A new report shows that housing prices in five other cities may be dropping more than prices in the Tampa Bay area. ...more
January 30, 2008
Billionaire investor Warren Buffett long has been revered in the business world, but his importance at a trial involving the world's largest insurer is hotly contested. ...more
January 5, 2008
ADVERTISEMENT
Advertisement
TBO.com - Tampa Bay Online ©2009 Media General Communications Holdings, LLC. A Media General company. Member Agreement | Privacy Statement | Work With Us