Official: Kashkari to be tapped to head bailout (AP)

2 firms selected for mortgage securities program (AP)
AP - The Treasury Department has picked two financial institutions to manage a program it unveiled last month to provide support for beleaguered...

Obama keeps low profile in auto rescue talks (AP)
AP - While President-elect Barack Obama publicly sidelined himself during congressional debate over an auto industry bailout this week, he and his...

Dems delay auto bailout vote, seek plan from Big 3 (AP)
AP - The $25 billion rescue plan for the auto industry, desperately sought by Detroit's beleaguered Big Three, collapsed Thursday as Congress drew...

This Story Needs No Commentary…
Automaker CEOs flew private jets to ask for bailout.

Finger-pointing begins as Senate nixes auto vote (AP)
AP - A Democratic Congress, unwilling or unable to approve a $25 billion bailout for Detroit's Big Three, appears ready to punt the automakers' fate...