President Barack Obama wagered significant political capital Sunday as he bucked a highly popular House measure to slap a punitive 90 percent tax on bonuses to big earners at financial institutions already deeply in hock to taxpayers. ...more

March 23, 2009

The Obama administration hopes to restore confidence in the nation's ailing financial sector by subjecting 19 of the largest banks to "stress tests" that will gauge whether each institution has adequate capital to survive a severe downturn. ...more

February 26, 2009

WASHINGTON (AP) - The White House on Friday insisted it's not trying to take over two ailing financial institutions, even as stocks tumbled again. ...more

February 22, 2009

In late 2007 Rick Renedo, an executive with wireless services provider T-Mobile, had an ominous vision: Corporate America was about to collapse. ...more

February 21, 2009

Is the president prepared to nationalize the nation's banking system? ...more

January 31, 2009

The New York Times recently reported that "the Obama Administration and Democratic leaders in Congress are already dancing around one of the most politically delicate questions" of our day. ...more

January 31, 2009

It is one thing when the best-paid people seem to be the smartest and the most accomplished. Those who make much less may not like it, but the differential seems understandable. It is another thing when those people are shown to have committed huge blunders that would have driven their companies out of business, and them into the unemployment line, but for government bailouts. ...more

January 24, 2009

In his final speech to the nation, President George W. Bush took pride in his record at home and abroad, describing hopeful events and accomplishments. But what he left unsaid was significant too. ...more

January 15, 2009

The U.S. financial services industry is witnessing the bursting of yet another bubble. This time, it's the industry itself. ...more

December 20, 2008

The nastier this recession gets, the more people will talk about the discrediting of markets and the failure of deregulation. So the next time the Dow dives off a cliff, splash your face with ice water and remember two things: This end-of-capitalism talk is bunk, and it distracts us from the debate we should be having. ...more

December 5, 2008