From the Yahoo! Newsroom

Where did Bernie's money (and ours) go?

The Yahoo! Newsroom - Mon Jan 5, 5:33 PM ET

In light of a $700 billion government bailout and the collapse of storied Wall Street giants, the mere $50 billion that Bernard Madoff, well, made off with, seems like chump change, right?

  • Michelle Obama, center, walks her daughter Sasha, 7, to her first day at the Lower School Campus of Sidwell Friends in Bethesda, Md., on Monday, Jan. 5, 2009. (AP Photo/Jacquelyn Martin)
    Who's the new girl? The Yahoo! Newsroom - Mon Jan 5, 5:29 PM ET

    Today, the Obama girls started classes at their new school, the private Sidwell Friends in Washington, D.C. We all remember the mix of terror, excitement and dread of the first day at a new school. Who will I sit with at lunch? Where's my next class? Why are they all staring at me?

  • In this Tuesday, Dec. 30, 2008 file photo, Illinois Gov. Rod Blagojevich has some final words for the media after he announces his choice of former Ill. Attorney General Roland Burris to fill President-elect Barack Obama's U.S. Senate seat  in Chicago. The U.S. Department of Homeland Security has revoked embattled Gov. Rod Blagojevich's access to classified federal security information, officials said Friday. (AP Photo/Paul Beaty, file)
    Show me the money The Yahoo! Newsroom - Mon Jan 5, 2:30 PM ET

    Pay-for-play. Payola. Quid pro quo. You scratch my back, I'll scratch yours ...you get the idea.

  • Dubya Opens Up The Yahoo! Newsroom - Fri Dec 19, 1:38 PM ET

    President George W. Bush is leaving with one of the lowest approval ratings in the history of numbers. During his final months on the job, the controversial commander-in-chief has given several interviews that have revealed how he views his legacy. Here are some highlights...

  • SNL's Paterson Skit Causes a Stir The Yahoo! Newsroom - Mon Dec 15, 3:33 PM ET

    Live from New York, it's time to mock the disabled!

  • This Nov. 5, 2008 file photo shows Illinois Gov. Rod Blagojevich at a news conference in Chicago. Blagojevich was arrested Tuesday Dec. 9, 2008 on charges of conspiring to get financial benefits through his authority to appoint a U.S. senator to fill the vacancy left by Barack Obama's election as president. (AP Photo/M. Spencer Green, File)
    Who was trying to buy Obama’s Senate seat...if anyone? The Yahoo! Newsroom - Tue Dec 9, 5:35 PM ET

    The second was, "Who would buy it?"

  • In this Oct. 3, 2008 file photo, O.J. Simpson is taken into custody after being found guilty on all 12 charges, including felony kidnapping, armed robbery and conspiracy at the Clark County Regional Justice Center  in Las Vegas.  (AP Photo/Daniel Gluskoter, Pool/FILE)
    The original courtroom drama The Yahoo! Newsroom - Fri Dec 5, 5:53 PM ET

    So it wasn’t a high-speed freeway chase in a white Bronco, but O.J. Simpson's day in court certainly delivered on the drama.

  • Top 5 political moments – Yahoo! style The Yahoo! Newsroom - Fri Dec 5, 1:03 PM ET

    Way back in September 2007, before she was President-elect Obama's nominee for Secretary of State, Hillary Clinton sat down for an interview with Yahoo! News. She was expecting an interview with Charlie Rose. To her surprise Rose punted to comedian Bill Maher, who asked her about her Iraq War vote: "George Bush fooled you; why should Americans vote for someone who can be fooled by George Bush?"

  • Project Runway: The Inaugural Edition The Yahoo! Newsroom - Thu Dec 4, 9:05 PM ET

    On January 20th, all eyes in the political world will be focused on Barack Obama. He'll be the one taking the oath of office in some boring suit and tie.

  • Eliot Spitzer, back in the news The Yahoo! Newsroom - Thu Dec 4, 8:34 PM ET

    Disgraced former New York governor Eliot Spitzer is back in the headlines, though this time he's the one writing them.

  • What's up in a down economy? The Yahoo! Newsroom - Tue Dec 2, 6:53 PM ET

    This week’s news that we’re now officially in a recession and have been for a year may come as no surprise to those of you who have been reading newspapers, watching TV, or had a conversation with another working American in the last few months.

  • Issues facing Clinton as secretary of state The Yahoo! Newsroom - Mon Dec 1, 4:44 PM ET

    Sen. Hillary Clinton's nomination for secretary of state in the Obama adminstration, as Reuters points out, "caps a year of dreams and disappointments for her often fervent supporters: Would the New York senator and former first lady be president? No. Would she be vice-president? Nope."

  • US President-elect Barack Obama (L) listens to New Mexico Governor Bill Richardson after announcing Richardson as his nominee for commerce secretary during a news conference in Chicago December 3, 2008. (John Gress/Reuters)
    The non-Clintons on Obama’s national security team The Yahoo! Newsroom - Mon Dec 1, 4:00 PM ET

    While a lot of us may have watched the presser wondering how Obama plans on controlling Bill once Hillary takes the helm at the State Department, we might want to take a look at some of the others flanking the president-elect, as they'll be joining the national security team too.The other big name in the line-up was Secretary of Defense Robert Gates. He's keeping his current gig, a job he got almost two years ago when Don Rumsfeld vacated the Pentagon.

  • US President-elect Barack Obama meets with members of his economic team, including treasury secretary nominee Timothy Geithner (L), at the transition office in Washington. Obama Monday launched a hard sell for his near 800 billion dollar stimulus plan, warning the US economy would pay a dramatic price if the bill gets bogged down in Congress.(AFP/Mandel Ngan)
    Transcript: Obama national security team announcement The Yahoo! Newsroom - Mon Dec 1, 12:16 PM ET

    Following is the transcript of President-elect Barack Obama's Monday national security team announcment, as prepared for delivery:

  • The Obamas sit down with Barbara Walters The Yahoo! Newsroom - Thu Nov 27, 12:33 PM ET

    Like many a Barbara Walters interview, some of the most revealing moments of her sit down with Barack and Michelle Obama were the unscripted ones.

  • Obama nominations to watch for after Thanksgiving The Yahoo! Newsroom - Wed Nov 26, 7:16 PM ET

    We hope President-elect Obama is able to get some rest this Thanksgiving weekend (we assume that will be out of the question Thursday, what with 60 guests in his Chicago home and all), because next week he will go into high gear with a slew of expected cabinet announcements.

  • US President George W. Bush looks at the Union League of Philadelphia's presidential portrait of himself during its unveiling in Philadelphia, Pennsylvania. Bush has pardoned his last Thanksgiving turkey and now muses about life after the White House, while aides talk eagerly of books they may pen, vacations abroad, and quiet family time(AFP/File/Saul Loeb)
    What happens to the turkey after it's pardoned? The Yahoo! Newsroom - Wed Nov 26, 12:31 PM ET

    Courtesy United Airlines

  • Transcript: Obama economic press conference day 2 The Yahoo! Newsroom - Tue Nov 25, 12:22 PM ET

    Following is the transcript of President-elect Barack Obama's Tuesday economic team announcment, as prepared for delivery:

  • Acting like the president two months early The Yahoo! Newsroom - Mon Nov 24, 3:00 PM ET

    Sure, his presidential flexing has been in terms of the economy and not Iran, what his original comment referred to, but still. It's exciting to watch the puzzle pieces fall into place, with new information coming daily.

  • Transcript: Obama economic team announcement The Yahoo! Newsroom - Mon Nov 24, 12:50 PM ET

    Following is the transcript of President-elect Barack Obama's economic team announcment, as prepared for delivery.

  • Bush’s last rule-making hurrah The Yahoo! Newsroom - Fri Nov 21, 6:14 PM ET

    In recent days, the Bush administration announced new rules to speed oil shale development across 2 million rocky acres in the West. It scheduled an auction for drilling rights alongside three national parks. It has also set in motion processes to finalize major changes in endangered species protection, allow more mining waste to flow into rivers and streams, and exempt factory farms from air pollution reporting.

  • Palin memoir could net big bucks The Yahoo! Newsroom - Wed Nov 19, 8:58 PM ET

    Coming soon to a bookstore near you... Sarah Palin's memoirs?

  • Bill Clinton giving up the goods to the Obama team The Yahoo! Newsroom - Wed Nov 19, 5:02 PM ET

    Some husbands send flowers. Some buy chocolate. In the Hillary-Bill relationship, he gives up sources of foreign income and names of donors to show his support.

  • Drama on the high seas The Yahoo! Newsroom - Tue Nov 18, 6:13 PM ET

    Pirates in Somalia are at it again. Over the weekend they claimed their biggest prize to date: a Saudi oil tanker the size of three football fields, laden with $100 million in crude oil.

  • Clinton to accept secretary of state post? The Yahoo! Newsroom - Tue Nov 18, 5:13 PM ET

    Speculation has been steadily mounting over whether President-elect Barack Obama will offer the secretary of state post to his campaign rival Hillary Clinton.

  • The Obamas on “60 Minutes” … Yes, they talk about the dog. The Yahoo! Newsroom - Mon Nov 17, 2:22 AM ET

    President-elect Obama gave his first TV interview since winning the 2008 election, telling "60 Minutes" correspondent Steve Kroft, "I'm not sure it's sunk in yet."

  • South Side mom becomes 'first grandma' The Yahoo! Newsroom - Fri Nov 14, 3:08 PM ET

    You can call it the Camelot effect or maybe it's just that people are nosy. Whatever it is, people can't stop searching for information about the Obama family, not just the immediate first family, but the extended family as well.

  • 'Papa Bear' enters the lion's den The Yahoo! Newsroom - Fri Nov 14, 2:44 PM ET

    Fox News host Bill O'Reilly (or "Papa Bear," as Stephen Colbert has branded him) braved the wilds of the "Daily Show with Jon Stewart" last night and the result was ... a pleasant discussion. There was even hot cocoa and a Mr. Snuggles stuffed animal involved!

  • Palin hits the airwaves The Yahoo! Newsroom - Thu Nov 13, 5:05 PM ET

    If you've stopped watching the news since the election, you've missed a lot of talk from Gov. Sarah Palin.

  • In this Nov. 10, 2008 file photo, President Bush and President-elect Obama walk along the West Wing Colonnade of the White House in Washington prior to their meeting in the Oval Office. (AP Photo/Charles Dharapak/FILE)
    What Obama and Bush said without knowing it The Yahoo! Newsroom - Tue Nov 11, 12:09 PM ET

    When President George W. Bush and President-elect Barack Obama met for the first time in front of the White House, they didn’t take questions from reporters. But as far as body-language experts were concerned, the two men said volumes.

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