Major U.S. banks were allowed to repay the Treasury for the first time last week, escaping the clutches of the Troubled Asset Relief Program (TARP). While it will be some time before taxpayers see a return on their entire $700 billion investment, the 10 financial firms that were approved to exit TAR...

Monday, President-elect Barack Obama called for the second half of the $700 billion Troubled Asset Relief Program (TARP), passed by Congress in October.  Obama asked President Bush to submit a request to Congress making the remaining $350 billion available soon after his inauguration.  The first $...

Friday morning shares of Ford Motor Co. and General Motors Corp. surged on Wall Street (with private owned Chrysler cheering in the background) as news of President Bush’s $17.4 billion auto industry bailout sunk in with investors.  The President approved the immediate release of $13.4 billion fr...