Most congressional Democrats say the quickest way to save homeowners like Troy Butler of Saginaw, Mich., is to let them declare bankruptcy and allow judges to dictate new mortgage terms. ...more

January 25, 2009

The banks may need a bigger bailout. The government is mulling another multibillion-dollar aid package for Bank of America Corp., raising the possibility that much more taxpayer money will be needed to keep the banking industry from edging back toward the abyss. ...more

January 16, 2009

A plan to let bankruptcy judges alter the terms of home loans so owners can avoid foreclosure moved one step closer to reality this week. ...more

January 10, 2009

I have heard a lot of chatter about an auto bailout now being addressed by our government. ...more

December 28, 2008

NEW YORK (AP) - Several analysts expressed skepticism Friday that the Federal Reserve's decision allowing GMAC Financial Services to become a bank holding company would spur many more people to buy cars. ...more

December 28, 2008

The public purchase of privately owned Aloha Utilities has been put off until the end of February to help the Florida Governmental Utility Authority secure financing for the deal. ...more

December 13, 2008

The public purchase of privately owned Aloha Utilities has been put off until the end of February to help the Florida Governmental Utility Authority secure financing for the deal. ...more

December 12, 2008

When shareholders vote on Bank of America Corp.'s acquisition of Merrill Lynch & Co. today, they are expected to transform the bank into a business befitting its name and change the face of Wall Street. ...more

December 5, 2008

Gov. Charlie Crist announced Monday that Florida banks and mortgage lenders have agreed to delay certain foreclosure proceedings, an agreement that industry leaders described as a "reaffirmation" of what they are already doing. ...more

December 2, 2008

Gov. Charlie Crist announced today that Florida banks and mortgage lenders have agreed to delay certain foreclosure proceedings – an agreement industry leaders described as a "reaffirmation" of their practices rather than a major change. The announcement fell short of expectations that built up around Crist's initial comments last week about declaring a moratorium on foreclosures, possibly by executive order. Today, Crist made clear that the 45-day foreclosure freeze would be voluntary on the part of bankers and other participating lenders, giving homesteaded property owners the opportunity to renegotiate their payment plans. ...more

December 1, 2008