Patrice Hill was a staff writer for The Washington Times.
Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money showed no sign of relief. Published September 30, 2008
SharesPanic seized Wall Street this afternoon, with stocks, oil and other investments plummeting as the U.S. House of Representatives failed to pass a $700 billion bailout for the financial industry. Published September 29, 2008
SharesUPDATED -- Megabank Citigroup acquired Wachovia Corp. Monday morning in a takeover hastily arranged by the Federal Deposit Insurance Corp. to prevent the bank from becoming the latest victim of the credit crisis. Published September 29, 2008
SharesMembers of Congress had balked at the $700 billion bailout of Wall Street, but the failure of Lehman Brothers showed the catastrophic consequences of not taking action and led to the current crisis, analysts say. Published September 29, 2008
SharesA clock is ticking on Wall Street, and it will sound the alarm Tuesday when corporate titans like GE and Caterpillar must start rolling over their debts in stressed credit markets where financing has become difficult or impossible to find. Published September 26, 2008
SharesTreasury Secretary Henry M. Paulson Jr. Wednesday agreed to congressional demands to limit the pay of bank executives in one of his biggest concessions to date to try to secure quick passage of a $700 billion bank bailout. Published September 25, 2008
SharesFederal Reserve Chairman Ben S. Bernanke Tuesday warned of dire consequences for the economy and for average Americans if lawmakers do not quickly pass a $700 billion bailout for faltering banks. Published September 24, 2008
SharesIn the dark of a night when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans, credit card debt and any other "troubled" assets held by banks. Published September 23, 2008
SharesCongressional Democrats began to put their imprint on the $700 billion bank rescue plan. Meanwhile, the Fed has granted requests from Goldman Sachs and Morgan Stanley to become bank holding companies. Published September 22, 2008
SharesUPDATED -- The still-being-formulated plan for the federal purchase of bad debts will cost hundreds of billions of dollars, Treasury Secretary Henry M. Paulson Jr. said in a news conference Friday. Published September 19, 2008
SharesTreasury Secretary Henry M. Paulson and Federal Reserve Chairman Ben S. Bernanke met with congressional leaders to resolve mounting bad loans that have dragged down a beleaguered Wall Street. Published September 18, 2008
SharesThe Federal Reserve of New York on Tuesday night issued an emergency $85 billion loan to American International Group, stepping in to stave off the giant insurer's bankruptcy. Published September 17, 2008
SharesThe Federal Reserve decided not to cut interest rates this afternoon, expressing confidence that the economy will continue to grow despite a widening credit crisis on Wall Street. Published September 16, 2008
SharesThe Federal Reserve declined to cut interest rates this afternoon, expressing confidence that the economy will continue to grow despite a widening credit crisis on Wall Street. Published September 16, 2008
SharesWall Street plunged Monday in its worst performance since the Sept. 11, 2001, attacks as financial markets around the world absorbed the blow of the largest bankruptcy in U.S. history. Published September 16, 2008
SharesWall Street titan Lehman Brothers filed for bankruptcy Sunday after potential buyers Barclays Banks of Britain and Bank of America backed away citing the Treasury's refusal to guarantee Lehman's toxic mortgage portfolio. Published September 15, 2008
SharesThe Bush administration and oil companies say they want to open up the nation's coastal areas to new drilling, but in two cases, they are doing little to make that happen. Published September 15, 2008
SharesWall Street titan Lehman Brothers appeared headed toward bankruptcy Sunday as potential buyers withdrew from the running after the Treasury refused to guarantee Lehman's toxic mortgage portfolio. Published September 14, 2008
SharesLehman Brothers has approached other major financial institutions, and is receiving assistance from the U.S. Treasury, on a potential acquisition or investment in the battered securities firm, people close to the situation said Thursday. Published September 11, 2008
SharesLehman Brothers has resorted to selling off the family jewels in a desperate attempt to stay solvent, as the fountain of cash generated by bets on oil and other commodities and currencies has turned into a dry hole. Published September 11, 2008
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