Jun 30, 2010

NYT: Business.- In U.S. Bailout of A.I.G., Forgiveness for Big Banks . June 30th., 2010



Business

In U.S. Bailout of A.I.G., Forgiveness for Big Banks
By LOUISE STORY and GRETCHEN MORGENSON
Documents indicate that federal regulators ignored recommendations to force banks that did business with A.I.G. to accept losses on the deals.

Circuit Breaker Kicks In, Stopping Trades of Citigroup
By GRAHAM BOWLEY
Trading was paused for five minutes after a large trade was posted at a price 12.7 percent lower than the previous trade.

Bank Fee Is Eliminated in Financial Bill
By DAVID M. HERSZENHORN
Congressional negotiators voted down a tax on big banks, instead adopting a new plan to pay the legislation’s cost.

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