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...

Bailout Scorecard: The End of the Beginning Breathe a sigh of relief: More than six months after the financial crisis erupted, a complete bailout regime is finally in place. The bank rescue plan finally unveiled by Treasury Secretary Tim Geithner is the last major piece of a vast bailout sch...

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...

The White Rabbit Cult presents a very simple illustrated guide to how the United States economy took a huge turn in the last 12 months. Please feel free to print these out and give them to all your friends. This information will make you the smartest person at next weeks New Years Party! How...

Henry Paulson... Live and Die By The Bull! Treasury Secretary Henry Paulson and his team are starting to look like short-order cooks stuck in a perpetual lunch-hour rush. The worse the economic crisis gets, the more confidence- and liquidity-boosting measures they cook up, from the Bear Stea...

American Flag Dear American: I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude. I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 bill...

In an extraordinary turn, the Federal Reserve agreed Tuesday night to take a nearly 80 percent stake in the troubled giant insurance company, the American International Group, in exchange for an $85 billion loan. The decision, only two weeks after the Treasury took over the quasi-government...