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FDIC's Bair: Bank Bailouts Were 'Not a Good Idea'In an interview with Paul Solman, FDIC chairwoman Sheila Bair discusses lessons learned from the financial crisis, and looks back on the federal bailout of institutions deemed "too-big-to-fail," saying, "In retrospect, I think it was not a good idea."
Freelancers Struggle as Jobs DeclineBy some accounts, a third of the U.S. workforce does some form of freelancing work. But even as the flexibility of freelancing is becoming more attractive, little security exists for such workers.
Extended Jobless Benefits, Homebuyer CreditThe House voted overwhelmingly Thursday to extend aid to jobless workers and offer tax breaks to homebuyers. President Obama was expected to sign the measure on Friday. Ray Suarez reports.
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![]() N.Y. Fed 'Severely Limited' Savings on AIGNew TARP watchdog report says the N.Y. Fed gave up its negotiating power to AIG's trading partners.
![]() GM to Repay Gov't Loans EarlyCiting progress since emerging from bankruptcy, GM plans to repay bailout money five years early.
![]() Fed's Powers Tested Under Senate PlanA sweeping proposal for financial regulation calls into question the Fed's power to oversee banks.
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ANALYSIS -
June 9, 2009
Analyze the Economy of a TownPaul Solman reports on unemployment in Elkhart, Indiana, offering an opportunity to examine the real world effects of the recession. LESSON PLANS In-depth lesson plans are created by teachers and matched to national standards.
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Ask and ye shall receive. We received some excellent and provocative questions for FDIC Chair Sheila Bair in response to our request. READ MORE >>>
![]() Paul Solman: We're interviewing Sheila Bair, head of the Federal Deposit Insurance Corporation, this Friday. And she's agreed to answer your questions as well as mine. READ MORE >>>
Economists Ken Rogoff and Carmen Reinhart dug through data on every financial crisis back to the 1300s, hoping to uncover common factors. Two recurring themes they found: Arrogance and ignorance. They took questions from NewsHour viewers about their new book. READ MORE >>>
![]() Paul Solman: Lots of people who you (and I) might consider "unemployed" aren't in the most commonly reported number, which only includes people who haven't worked at all, or looked for work, in the past week. READ MORE >>> ![]() More gd news: gold DEALER Charlie Mammoser thinks it's a bubble. for the last time we visited. New story soon. about 11 hours ago | |||||||||
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