Citigroup (C Quote) and Bank of America (BAC Quote) are going to take time before they can become good investments for  the U.S. government. Paper losses run $3 billion and $2.2 billion respectively, based on the original strike price for the preferred shares bought by the U.S. Treasury and yesterday’s...

 The U.S. government is beginning to send signals to the nations leading banks that they will be able to repay federal bailout money, but has not yet made clear how it will decide who will get to go first. The government has kept banks guessing on what exactly it will require before allowing repayment...

The Fed met with 19 of the top financial institutions to go over the stress test results. In some cases, some of the tests with each party took less than 30 minutes.  In addition, several of the banks, when tested, mentioned a need for more capital, but no one yet knows who those banks are.  In fact,...

The era of the dollar may be coming to an end sooner rather than later. For years U.S. Treasury notes have been a safe place for world governments to park their foreign currency. But now all of a sudden, the U.S. is running up trillion dollar deficits and other world powers are questioning whether the...

Treasury Secretary Timothy Geithner announced the Obama administration’s plan to stabilize global credit markets today. The idea is to create a partnership between government and private investors which will hopefully jump-start new lending by absorbing $1 trillion in bank’s toxic assets. At...