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Bernanke Says Government Must Step Up Efforts on Foreclosures - Bloomberg
Dec. 4 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the U.S. government must step up efforts to prevent home foreclosures, with options including buying delinquent mortgages and providing bigger incentives for refinancing loans. The ...

So Will Detroit Get The Money Or Not? - Forbes
Members of Congress wanted Detroit's Big Three automakers to redo their homework before they resumed begging for a government bailout today. So how'd they do? It doesn't matter. If a Senate Banking Committee on the matter Thursday was any indication ...

Senator pans loans to Chrysler if it's for sale - Ann Arbor News
DETROIT (AP) — A U.S. senator is questioning whether the federal government should loan money to Chrysler LLC, saying that the cash would just keep it in business long enough to be sold. Sen. Bob Corker, R-Tenn., a critic of the industry, said ...

Automakers' debt may be obstacle to federal loans - Associated Press
DETROIT (AP) -- They'll park some corporate jets, cut executive pay and serve up concessions from the United Auto Workers, but Ford Motor Co., General Motors Corp. and perhaps Chrysler LLC also will have to address massive debts to persuade a ...

GM says it needs $12 billion loans by late March - Associated Press
WASHINGTON (AP) -- General Motors Corp. said Tuesday it needs $12 billion in government loans to keep operating, telling Congress in a bluntly worded report that its collapse could have "severe, long-term consequences to the U.S. economy." GM said it ...

Bernanke urges action to halt foreclosures - Boston Globe
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Thursday urged more aggressive steps to halt home foreclosures and said government-funded programs could help strapped homeowners. "Despite good-faith efforts by both the private and ...

Bernanke - need to do more to halt foreclosures - Reuters
WASHINGTON, Dec 4 (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke on Thursday urged more aggressive action to halt home foreclosures, and said write-downs of principal may need to be part those efforts. "Despite good-faith efforts by both the ...

LBO Boom’s Last Vestiges Would Disappear With BCE Deal’s Demise - Bloomberg
Nov. 27 (Bloomberg) -- The C$52 billion ($42 billion) purchase of BCE Inc. by private-equity firms may collapse, erasing the last vestiges of a leveraged-buyout boom that ground to a halt almost 18 months ago. BCE said yesterday that the takeover may ...

UPDATE 2-Bernanke says need to do more to halt foreclosures - Reuters
WASHINGTON, Dec 4 (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke on Thursday urged more aggressive steps to halt home foreclosures and said government-funded programs could help strapped homeowners. "Despite good-faith efforts by both the ...

Local Auto Dealers Watching Bailout Plea - WKYT 27
WASHINGTON (AP) - Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive ...