Federal Bailout Funds

DETROIT SHOOTING String of Detroit shootings leaves 1 dead, 12 hurt DETROIT (AP) — Detroit police say a 54-year-old woman was killed and four other people wounded in an argument and shooting on the city's west side. Chief Chester Logan says the...

By Tom Hals May 10 (Reuters) - A report on Friday could embolden creditors of bankrupt mortgage lender Residential Capital LLC to pursue billions of dollars of cash that its parent, Ally Financial Inc, had planned to use to repay a U.S. government...

WASHINGTON -- Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after posting a record profit for the first three months of the year. The fortunes of the company, which is 80% owned by taxpayers...

(Repeats to add bond yield graphic) By Jan Strupczewski BRUSSELS, May 2 (Reuters) - Throughout Europe's debt crisis, northern European leaders have often said they will not stand for taxpayers having to fork out for other countries' problems, and the...

INDIANA CASINOS Indiana lawmakers might not help casinos much INDIANAPOLIS (AP) — Some top Indiana lawmakers seem prepared to accept anticipated big drops in business at the state's casinos and to not provide much help as the gambling venues...

A federal foreclosure-prevention effort that earmarked nearly $2 billion in taxpayer money to help troubled California homeowners has delivered only about one-sixth of that money in three years. But officials from the Keep Your Home California program...

A federal foreclosure-prevention effort that earmarked nearly $2 billion to help troubled California homeowners has delivered only about one-sixth of those funds during its three years in existence. The pace of assistance is finally accelerating,...

WASHINGTON (Reuters) - Only a small fraction of the money seeping out of the banks in crisis-hit Cyprus ended up in Latvia during the first quarter of this year, Latvia's central bank chief said on Thursday. Latvia, a euro zone aspirant, has long...

WASHINGTON (Reuters) - The European Union can and should go ahead with setting up a system for winding down banks without trying to change EU law to give the bank resolution mechanism a stronger legal basis, senior bloc officials said on Thursday. German...

WASHINGTON — The Federal Housing Administration helped stabilize the real estate market after the subprime bubble and lay the groundwork for the recovery — and now the bill for taxpayers might be coming due. The Obama administration's...

WASHINGTON -- Bailed-out Fannie Mae on Tuesday reported a record $17.2 billion profit for 2012, driven by the housing-market recovery and a big settlement with Bank of America related to soured mortgages during the subprime boom. The housing finance...

It’s been a rough week for Russian oligarchs, with the apparent suicide of exiled Kremlin critic Boris Berezovsky as well as a Eurozone rescue of Cyprus expected to come largely at the expense of Russian high rollers who stashed their wealth in...