Last Sunday, the U.S. government, champion of liberty, model of democracy, defender of the free market, at home and abroad - ' announced it would be nationalizing two privately-held companies.
In the latest example of financial market madness, the recent government "bailout" of Freddie Mac and Fannie Mae has perversely resulted in a sharp rise in the value of the U.S. dollar.
Democratic presidential candidate Barack Obama thinks there should be a private solution to Lehman Brothers' current problems, a senior economic adviser said on Saturday.
With Lehman Brothers' survival in question, officials of major global banks and the U.S. government were in weekend negotiations aimed at resolving the investment bank's precarious financial situation. Wall Street CEOs were being asked to come up with a way to deal with Lehman's problems and avoid the risks they posed to the financial industry and the broader economy; one of the options being explored was a purchase of Lehman by one of its healthier competitors.
Here are answers to some questions about Lehman Brothers Holdings Inc., and why other banks might be interested in buying some or all of its assets.
So the Republicans have decided to run against themselves. The bums have tiptoed out the back door and circled around to the front and started yelling, 'Throw the bums out!' They've been running Washington like ...
The dollar's comeback from multi-year lows is moving at a lightning pace, but while its current rally has rattled chartists, many maintain that the U.S. currency's impressive run may not be on solid ground.
Richard Fuld had a full-blown anxiety attack when he was named chief executive of Lehman Brothers in 1993, saying later that he stopped breathing for 45 seconds.
Sales at U.S. retail stores fell for a second straight month in August as consumers facing a tough job market cut spending, but declining gasoline prices seemed to lift their spirits in September.
It is not the jury of O.J. Simpson's dreams, but neither does it shape up to be his nightmare.
A South African judge threw out corruption charges against ruling party leader Jacob Zuma on Friday, clearing the way for him to become the country's next president.
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