As Bank of America continues to cope with fallout from the housing and mortgage crisis, the financial institution may have to pay some year-end employee bonuses in the form of stock because of a possible cash shortfall related …
General Motors may receive a tax break worth as much as $45.4 billion under the terms of its government-financed restructuring.
The credit is a final benefit from the company’s multi billion-dollar government bailout. Under the terms of the bailout, …
Despite government efforts to keep people in their homes and record-low interest rates, the homeownership rate remains stuck at 1999 levels, according to the latest figures from the Census Bureau.
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The automaker said it will repay $2.8 billion it owes to the United Auto Workers retiree health care trust, buy back $2.1 billion in common stock held by the federal government and make a contribution valued at $6 billion to it…
The U.S. government’s bailout has been less than effective in helping U.S. homeowners avoid foreclosure and could end up costing more than expected, according to a report from the Troubled Asset Relief Program’s special inspect…