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...Freddie has had to go back to the government a number of times with cup in hand. The mortgage giant has already received $14 billion in government aid. After a fourth-quarter loss of $24 billion, the company said it needed an additional $31 billion from the government to keep the lights...

Author: /time Magazine | Title: Freddie Mac: Government's New Black Hole? | 3/17/2009 | See Source »

...government could get back the money if the assets start trading again, many Americans see it going down a sinkhole. Says Democratic pollster Mark Mellman: "There's a narrative out there in the public mind that the government's bailing out banks" - in other words, helping rich bankers keep their summer homes. (See pictures of expensive Modernist houses...

Author: /time Magazine | Title: Geithner Faces Questions as He Prepares to Roll Out Toxic-Asset Plan | 3/17/2009 | See Source »

Among other key questions: What percentage of the purchase price will the government fund? A senior Administration official said as much as 80% of the purchase price could be government money, but the number has not yet been fixed. And who gets to keep the profit, if there is any? Does Uncle Sam let the private player keep it all, or does the government get some? How and when does the private player have to repay the government loan? And what if the toxic asset stays worthless - does the private buyer lose his money first, or does the government...

Author: /time Magazine | Title: Geithner Faces Questions as He Prepares to Roll Out Toxic-Asset Plan | 3/17/2009 | See Source »

...After the firestorm over bonuses at AIG (AIG), all programs to keep total compensation for bankers high are going to get a government rebuke. The AIG incident has made it almost impossible for the Administration to allow any Wall St compensation that appears excessive to be used to retain bankers. (Read "Obama's Challenge: Containing the AIG Bonus Outrage...

Author: /time Magazine | Title: The Idiot's Parade Down Wall Street | 3/17/2009 | See Source »

...follow-up to your 2006 global warming documentary? A number of things have changed, and it's getting worse, not better. We wanted to keep track of what was going on. And the bottom line is, Discovery wanted...

Author: /time Magazine | Title: Tom Brokaw's New Global Warming Documentary | 3/17/2009 | See Source »

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