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Business 15 Jan 2010 | 12:00 AM

Geithner will defend secretive AIG bailout deals

WASHINGTON: Treasury Secretary Timothy Geithner responded to a rising chorus of questions about controversial bailout deals Thursday, defending decisions that funneled billions to Wall Street banks.

Business 20 Jan 2010 | 12:00 AM

Fed role in AIG : Bernanke asks GAO to review it

WASHINGTON: Federal Reserve Chairman Ben Bernanke took the unusual step Tuesday of asking Congress' investigative arm to conduct a full review of the Fed's role in bailing out insurance giant American International Group.

Business 26 Jan 2010 | 12:00 AM

Bailout watchdog investigating Fed's AIG secrecy

WASHINGTON: An independent investigator is launching two probes into the government's rescue of American International Group Inc. and the insurer's subsequent payments of billions to big banks.

Business 27 Jan 2010 | 12:00 AM

Treasury, NY Fed to defend AIG 'backdoor bailouts'

WASHINGTON: A House panel probing the bailout of American International Group Inc. is sharpening its questions for two Treasury secretaries and a federal investigator who believes the Federal Reserve withheld documents.

Business 28 Jan 2010 | 12:00 AM

Geithner draws fire defending Fed on AIG bailout

WASHINGTON (AP): Democrats and Republicans alike pummeled Treasury Secretary Timothy Geithner on Wednesday over his role in the $180 billion bailout of insurance giant AIG Inc., venting public anger over Wall Street's return to prosperity while unemployment stands at 10 percent.

Business 25 Mar 2010 | 12:00 AM

Housing market's recovery appears at risk

WASHINGTON (AP): The recovery in the U.S. housing market is at risk of collapsing.

Business 15 Apr 2010 | 12:00 AM

Last sardine cannery in US closing

PROSPECT HARBOR, Maine: The intensely fishy smell of sardines has been the smell of money for generations of workers in Maine who have snipped, sliced and packed small, silvery fish into billions of cans on their way to Americans' lunch buckets and kitchen cabinets.

Business 23 Apr 2010 | 12:00 AM

US SEC staffers watched porn as economy crashed

WASHINGTON: Senior staffers at the Securities and Exchange Commission spent hours surfing pornographic websites on government-issued computers while they were being paid to police the financial system, an agency watchdog says.

Business 29 Apr 2010 | 12:00 AM

Billionaire Warren Buffett teaches kids good financial habits

OMAHA, Nebraska: The long-delayed cartoon featuring financial lessons from billionaire Warren Buffett will finally debut this weekend at Berkshire Hathaway's annual meeting and online.

Business 01 Jun 2010 | 12:00 AM

Former bank robber allegedly swindled 40,000 people in 6 continents of US$70mil

EAST ST. LOUIS, Illinois: A Canadian national who the U.S. government says swindled $70 million from 40,000 investors on six continents carried out the same kind of pyramid scheme the one-time bank robber mocked on his website, federal investigators allege.