Question: With the FDIC’s funds diminishing, what are the chances it will tap its credit line to the Treasury? And what does that mean for inflation? Paul Solman: The more the FDIC borrows from Treasury, the more Treasury must borrow … Continue reading
The FDIC reported that its insurance fund shrank 20 percent in the second quarter. Jeffrey Brown speaks with a reporter and analyst about troubled banks. Continue reading
Question: What is the actual amount that banks have “lost” if banks still had to follow mark-to-market rules? My understanding is that our large banks would be insolvent by almost a trillion dollars if they had to declare what they … Continue reading
On Friday’s NewsHour, Paul Solman examined how some are finding the bright side of the economic downturn. You can listen to the audio or read the transcript of the segment here.
After a frantic weekend that shook Wall Street to the core, Lehman Brothers filed for bankruptcy Monday under the weight of $60 billion in bad real estate holdings and Bank of America moved to buy Merrill Lynch in a $50 billion deal. Continue reading