Ben Bernanke has been approved to serve a second four-year term as chairman of the US Federal Reserve, the country’s powerful central bank. Superhero Ben Bernanke Photo Credit To FreakingNews.com The US Senate voted 70-30 in favour of Mr Bernanke, handing him the narrowest victory ma...

There are growing indications that the Obama administration is melting down, unraveling and falling apart. The clearest indication is Barack Obama and his treasury secretary failing to come up with a plan to fix the bank/credit crisis. He is proposing solutions for every social problem ever ...

Americans can be forgiven for experiencing a sense of deja vu as they digest the details of Treasury Secretary Timothy Geithner’s Public-Private Investment Program (PPIP) for troubled bank assets. What was rolled out on the pages of newspapers this week read like press releases on the ...

President Barack Obama said he was surprised when he learned about the bonuses paid to employees of American International Group Inc. after the troubled insurer had to be rescued with taxpayer funds and vowed to recoup the money. “Stunned is the word,” Obama said last night in an inter...

Begging Corporate CEO's! US Automakers General Motors and Chrysler have requested USD 22 billion in additional federal loans in order to remain viable, according to details of their recovery plans unveiled Wednesday. The two major automakers said they have reached tentative deals with th...