Treasury Assistant Neel Kashkari is the chosen one— chosen for the loaded job of overseeing the bailout plan. There’s been quite a bit of finger pointing over the past couple of weeks: at President George W. Bush, at greedy corporations, at slick Wall Streeters, at U.S. Treasury Secretary Henry M. Paulson, at legislators who allowed for deregula...

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I guess that $700 billion band-aid that government was trying to put on the economy just wouldn’t stick. The plan was intended to help the failing economy and restore confidence in the U.S. financial system. If it passed, the bill would give U.S. Secretary of Treasury Henry Paulson an immediate $250 billion to buy out bad loans from financial co...

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Just when you thought the economic situation couldn’t get much more insane, lightning strikes again: Citigroup is buying the banking operations of Wachovia.

The F.D.I.C. has been quick to state, “Wachovia did not fail, rather it is to be acquired by Citigroup Inc. on an open-bank basis with assistance from the F.D.I.C,” hoping that this sort o...

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