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 $...

Though there were indications of a rescue on Friday November 21st, on the evening of the 23rd, the U.S. Government announced the bailout of financial giant Citigroup. The following Monday morning Barack Obama announced his economic team, appointing Timothy Geithner (the man who contributed to the W...