Author William Cohen discusses his book “House of Cards,” which tells the story of how investment banking giant Bear Stearns collapsed in 2008. Continue reading
Federal Reserve chief Ben Bernanke and Treasury Secretary Henry Paulson faced tough questions from skeptical members of Congress Tuesday over a $700 billion financial bailout plan. Kwame Holman reports on the hearings and other developments in the financial crisis. Continue reading
After a week on Wall Street that saw stalwart financial firms fall and unprecedented levels of government intervention, NewsHour economics correspondent Paul Solman and market historian Richard Sylla offer perspective on the events. Continue reading
Personal finance concerns have jumped across the country as trouble among U.S. financial firms has roiled Wall Street. Columnist Jane Bryant Quinn and economist Diane Swonk discuss the impact of the crisis on everyday Americans. Continue reading
Fannie Mae CEO Daniel Mudd reacts to questions about the stability of the mortgage-lending giant after the government took steps earlier this week to back Fannie Mae and Freddie Mac in order to maintain stability and confidence in U.S. financial markets.
Federal Reserve Chief Ben Bernanke outlined new rules Monday that are intended to protect homebuyers from risky lending practices blamed for a nationwide housing crisis. Wall Street Journal editor David Wessel examines the move. Continue reading
As the U.S. grapples with an economic slowdown and a housing slump, financial leaders are rethinking their strategies. Financier and author George Soros reflects on the changing business trends and details his new book, which examines the “credit crash” of 2008. Continue reading
Federal Reserve Chairman Ben Bernanke this week expressed concerns over core inflation and noted a slowing economy, cooling housing market, and lower consumer spending, leading investors to expect another interest rate hike. Continue reading