bailout package

The chief executive of a major U.S. bank that received $25 billion from the government's financial bailout package said Tuesday that federal aid shouldn't be dispensed to the ailing Detroit Three automakers — unless they become the Detroit Two.

This is a recap of the top 10 news items for the last week on Wall Street: 1. The week started off with the announcement that The Federal Reserve Board and the U.S.

Treasury had restructured AIG's (NYSE: AIG) original bailout package "in order to keep the company strong and facilitate its ability to complete its restructuring process successfully." Besides an interest rate reduction on its credit facility, AIG's access to capital increase from the original $85 billion to $152.5 billion.

Shares of AIG surged 8% on Monday, but by the end of the week, had traded down to relatively the

American International Group Inc. late Sunday was reportedly near a deal for a revised bailout package from the U.S. government that would make borrowing terms easier for the troubled insurer.

Swedbank AB on Tuesday became the first of the Nordic country's four main banks to announce plans to ask for guarantees under the government's bank bailout package on new debt it is issuing.

Commerzbank AG said Monday it will use funds from the German government's bailout package to strengthen its capital base.

The president warned that credit markets will “take awhile” to return to normal, but he again tried to reassure Americans that the government’s bailout was “big enough and bold enough to work.”

If you are a mortgage holder who is either struggling with crushing payments, bitter for having overpaid for your home during the bubble, or who has extravagantly refinanced when prices were rising, the government's landmark $700 billion bailout package has an important message for you: stop making your mortgage payments .

. . immediately.

Relief on Wall Street over the hard-won passage of a $700 billion bailout package for the financial system apparently hasn't yet trickled down to the pubs, storefronts, car lots and malls of Main Street.

Relief on Wall Street over the hard-won passage of a $700 billion bailout package for the financial system apparently hasn't yet trickled down to the pubs, storefronts, car lots and malls of Main Street.

Relief on Wall Street over the hard-won passage of a $700 billion bailout package for the financial system apparently hasn't yet trickled down to the pubs, storefronts, car lots and malls of Main Street.