s 700

Treasury's $700 billion bailout has gotten most of the nation's attention, but some of the government's lesser-known programs are doing their part to help ease credit as well.

The first official review of the federal government's $700 billion financial rescue plan said Treasury has yet to address "critical" oversight issues to ensure the plan is working.

The federal government's $700 billion financial rescue plan will get its first official review Tuesday.

AP - GMAC Financial Services has applied to the Federal Reserve to become a bank holding company, which would allow General Motors' financing arm to be eligible for aid under the Treasury's $700 billion bank rescue plan.

The Federal Deposit Insurance Corp. is proposing a plan to offer incentives to companies that reduce monthly mortgage payments for troubled homeowners.

FDIC Chairwoman Sheila Bair wants to use a chunk of the government's $700 billion bailout fund to rework mortgage loans.

» E-Mail This     » Add to Del.icio.us

Three prominent regional banks - KeyCorp, Fifth Third and Capital One - have announced their participation in the federal government's $700 billion Wall Street bailout, adding a total of $9.5 billion in capital.

The government said last week's $700 billion financial bailout was necessary to help Wall Street and Main Street alike, but most Americans don't think the plan was intended to benefit them, according to a survey released Tuesday.