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A collection of news and information related to Federal Bailout Funds published by this site and its partners.

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    May 9, 2013 |Story| Los Angeles Times

  1. Fannie Mae to pay U.S. $59.4 billion after record quarterly profit

    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.
    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...

    Tags: Fannie Mae, Finance, Financial and Business Services, Freddie Mac, Economy, Business and Finance

    2. Apr 22, 2013 |Story| Los Angeles Times

  2. Foreclosure-relief funds earmarked for California mostly unspent

    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.
    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...

    Tags: Fannie Mae, U.S. Department of the Treasury, Finance, Bank of America Corp., Foreclosures

    3. Apr 22, 2013 |Story| Los Angeles Times

  3. Keep Your Home California relief still slow but picking up steam

    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,...

    Tags: Fannie Mae, U.S. Department of the Treasury, Finance, Bank of America Corp., Financial and Business Services

    4. Apr 10, 2013 |Story| Los Angeles Times

  4. FHA may need $943-million bailout

    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.
    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...

    Tags: Federal Housing Administration, Finance, Financial and Business Services, Homes, Real Estate

    5. Apr 2, 2013 |Story| Los Angeles Times

  5. Rescued Fannie Mae posts record profit as housing market rebounds

    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.
    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...

    Tags: Fannie Mae, Finance, Banking, Bank of America Corp., Mortgages

    6. Mar 27, 2013 |Story| Los Angeles Times

  6. Message to Russian oligarchs: Your money's just as safe at home

    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 the island’s now insolvent banks.
    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...

    Tags: Russia, Cyprus, Vladimir Putin, Same-Sex Marriage, Brookings Institution

    7. Mar 22, 2013 |Story| Los Angeles Times

  7. Cyprus scrambles to put together bailout package

    ATHENS -- Racing against time and short on choices, Cyprus on Friday moved to vote on yet another bailout formula its government cobbled together to secure a $13-billion international lifeline that will keep its weak banks afloat and avert a devastating default.
    ATHENS -- Racing against time and short on choices, Cyprus on Friday moved to vote on yet another bailout formula its government cobbled together to secure a $13-billion international lifeline that will keep its weak banks afloat and avert a devastating...

    Tags: Russia, Politics, Chinua Achebe, Cyprus, Cypriot Banking Crisis (2013)

    8. Mar 17, 2013 |Story| Los Angeles Times

  8. Cyprus postpones vote on controversial bailout package

    ATHENS – Cyprus’ parliament has pushed back debate of a controversial bailout that would force savers to pay a levy of up to nearly 10% on bank deposits in exchange for a $13-billion international aid package to avert a chaotic government default.
    ATHENS – Cyprus’ parliament has pushed back debate of a controversial bailout that would force savers to pay a levy of up to nearly 10% on bank deposits in exchange for a $13-billion international aid package to avert a chaotic government...

    Tags: Cyprus, Barack Obama, Politics, Big 3 Auto Bailout (2008), Elections

    9. Feb 25, 2013 |Story| Los Angeles Times

  9. Treasury starts selling remaining General Motors stock

    WASHINGTON -- The Treasury Department has begun selling the rest of its stake in General Motors Co. as the government tries to end its bailout of the automaker in a little more than a year.
    WASHINGTON -- The Treasury Department has begun selling the rest of its stake in General Motors Co. as the government tries to end its bailout of the automaker in a little more than a year. Last month, the Treasury sold about $156.4 million worth of its...

    Tags: Manufacturing and Engineering, Automotive Equipment, U.S. Department of the Treasury, General Motors Corp.

    10. Dec 11, 2012 |Story| Los Angeles Times

  10. Sale of last AIG shares brings U.S. bailout profit to $22.7 billion

    WASHINGTON -- The Treasury Department said Tuesday it would raise $7.6 billion in the sale of its final shares of American International Group, ending the controversial bailout of the insurance giant with a $22.7-billion profit.
    WASHINGTON -- The Treasury Department said Tuesday it would raise $7.6 billion in the sale of its final shares of American International Group, ending the controversial bailout of the insurance giant with a $22.7-billion profit. The department agreed to...

    Tags: U.S. Congress, Financial Markets, U.S. Department of the Treasury, Ben Bernanke, Finance

    11. Jan 31, 2012 |Story| AP Member Choice Complete
  11. |Story
    12. Mar 12, 2012 | Los Angeles Times

  12. California lawmakers under fire in university budget battles

    PolitiCal
    With anger bubbling on college campuses, spending on higher education is expected to remain a flash point as California lawmakers hash out this year's state budget....
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