Both Congress and the Fed did little to stop spread of subprime crisis

Revelations that the nation’s unemployment rate reached its highest level in five years in August helped make the economy issue No. 1 on the

On September 15 — the day Lehman Brothers filed for bankruptcy protection, Merrill Lynch was purchased by Bank of America, and AIG faltered

The auto industry bailout has stalled in the Senate, putting the fate of Detroit’s Big Three and their employees in the hands of the White H

President Obama sent a clear message to government officials in one of his first acts in office: From now on, we will comply with the spirit

The American International Group, more commonly known as AIG, has become the poster child for the financial bailout. The company has receive

Everyone knows it’s a tough economy out there. But it may be even tougher than you realize. According to the Bureau of Labor Statistics, 13.

Angelo Mozilo, founder and former CEO of Countrywide Financial — the No. 1 subprime lender in America, according to a Center for Public Inte

As PaperTrail’s ongoing look behind the numbers, we’re digging into the May unemployment stats. The official unemployment rate is 9.4 percen

Everyone knew it was coming. With all the turmoil in the American financial system, a push for re-regulation was inevitable. The Obama admin