Investors are frustrated with the government’s latest bank bailout plan — and showed it by unloading stocks.
The major stock indexes fell more than 4 percent Tuesday, including the Dow Jones industrial average, which tumbled 382 points.
Financial stocks led the market lower, a sign of how concerned Wall Street is about the government’s ability to restore [...]

The former NYPD detective who has been Bernie Madoff’s bodyguard since the accused Ponzi schemer has been out on bail is quitting.
Nicholas Casale said someone else will have to watch over Madoff in his East Side apartment because his company is not equipped to track down the disgraced money manager’s assets across the globe.
That duty [...]

Senate Democratic leaders said a vote could come as early as this week on providing a second $350 billion for the financial industry, after assurances Sunday by President-elect Barack Obama and one of his top economic advisers that the money would be better monitored and spent.
The Bush administration and the incoming Obama team have undertaken [...]