Former executives of mortgage giant Fannie Mae testified about their role in the collapse of the housing market and the ensuing economic crisis before the Financial Crisis Inquiry Commission. Jeffrey Brown talks to two housing experts for more. Continue reading
In the latest report of his Making Sen$e series, Paul Solman talks to New York Times economics reporter Ed Andrews, who chronicles his personal tale of the mortgage crisis in “Busted: Life Inside the Great Mortgage Meltdown.” Continue reading
In his latest coverage about people hit hard by the economic downturn, NewsHour correspondent Spencer Michels reports from Antioch, Calif., about the growing numbers of people who, despite taking on more hours at work or second jobs, are unable to make a sustainable living. Continue reading
With bipartisan support, the Senate easily approved a massive federal rescue plan aimed at stabilizing the economy and freeing up the crippled credit market Wednesday night. The vote was 74-25. Continue reading
- The “experts” all seem to be on the side of the status quo. Why can’t we hear from people inside the industry who really want to reform it?
Question/Comment: With all the discussion of the mortgage crisis, there is still hardly any mention of actually cleaning up the mortgage industry. The “experts” all seem to be on the side of the status quo, but maybe this is contributing … Continue reading
Amid signs of continued economic distress, President Bush and the nation’s top economic policymakers fanned out across Washington, seeking to reassure roiling markets, skittish investors, and a worried public. Ray Suarez wraps up the latest economic news. Continue reading
With continued financial troubles in the headlines, the presidential hopefuls have made their plans to improve the economy central to their case to voters. Mark Shields and David Brooks discuss the Fannie Mae, Freddie Mac panic and campaign trail developments. Continue reading