Great Recession

People walk by a Bank of America branch in Times Square on Sept. 20, 2012. (credit: Getty Images)

Bank Of America Found Liable In Mortgage Fraud Trial

Bank of America was found liable for fraud in a civil case the government said captured the frenzied pursuit of profits at all costs just before the economy collapsed.

10/23/2013

Treasury Secretary Timothy Geithner testifies to Congress on the AIG bailout (Photo by Ann Heisenfelt/Getty Images)

Opinion: Auto And Bank Bailouts Prove Effective

On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.

09/11/2012

Living At Home

Study: More Young Adults Living At Home As A Result Of The ‘Great Recession’

The New York metropolitan area is among the top five regions in the country with the highest percentage of young adults living at home, according to a study released Wednesday.

08/01/2012

(credit: CBS 2)

The Upside Of Economic Worries: Lower Gas Prices

For the first time in months, retail gasoline prices have fallen below $3 a gallon in places, including parts of Michigan, Missouri and Texas. And the relief is likely to spread thanks to a sharp decline in crude-oil prices.

09/25/2011

Protesters call for extension of unemployment benefits on Varick Street on Nov. 12. (Photo/Ginny Kosola, WCBS 880)

NY’s Unemployed Could Lose Benefits Before Holidays

A partisan dispute in Washington is threatening to unhinge the lives of the unemployed, and just in time for the holidays.

12/01/2010