Report: Orange County resort where AIG sponsored luxury retreat faces foreclosure sale

DANA POINT, Calif. — The Southern California resort where AIG sponsored a luxury retreat after receiving federal bailout money is facing a foreclosure auction, according to a published report.

Banks, investment firms borrow less over past week from Fed’s emergency loan program

WASHINGTON — Commercial banks and investment firms reduced their borrowing over the past week from the Federal Reserve’s emergency loan program, a hopeful sign that some credit stresses are easing.

Treasury completes $29.8 billion boost to AIG rescue; adds companies to mortgage relief plan

WASHINGTON — The government has completed the transaction providing nearly $30 billion more in support to American International Group Inc., minus $165 million in bonus payments.

US Congress to vote on 90 percent tax on bail-out bonuses

WASHINGTON - Spurred on by public ire over bonuses paid at firms that received government bail-outs, the US Congress Thursday was considering a 90 percent tax on executive bonus payments by companies receiving more than $5 billion in federal funds.