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On the eve of the Treasury Department's sale of its massive position in American International Group (AIG), one group of people has reason to be livid. It is made up of those who held AIG shares on Sept. 16, 2008, because on that day, their property rights were violated egregiously.
The government and AIG, the giant insurer rescued with $182 billion at the depths of the 2008 financial meltdown, announced a plan Friday to end taxpayer involvement in the company over the next two years.
As the Republican nominee for Maryland's comptroller, William H. Campbell is campaigning on his experience as a top financial officer at federal agencies, including Amtrak.
Two top Democratic strategists said Sunday that President Obama has the nation moving in the right direction, downplaying polls that suggest Republicans have a big edge heading into November's midterm election.
Top Amtrak officials declined to participate in an internal investigation until they were provided private lawyers on the government-owned company's dime, an unusual request considering they were not even targets of the probe.
A Republican candidate for New York governor wants to turn prisons into dormitories for welfare recipients so they can get state-sponsored jobs, job training and lessons in "personal hygiene."
The Senate on Thursday approved and sent to President Obama a landmark bill to rein in unregulated Wall Street markets for the first time while covering America's financial landscape with an intricate thicket of new regulations.
Banks bailed out by the federal government have returned about 75 percent of the money, and the program eventually will generate a positive return to taxpayers, Treasury Secretary Timothy F. Geithner told a government watchdog panel Tuesday.