Editor’s note: While reporting on the real estate crisis in Florida recently, Paul spoke with realtor Kevin Jarrett, who is about to lose his fourth home to foreclosure. What struck Paul was how even as Jarrett struggles with his own … Continue reading
As part of his ongoing series, Making Sense of the economy, Paul Solman takes a real estate tour in Atlanta, Ga., with two experts on home sale prices. Continue reading
As the recession has dragged on in Eagle, Colo., a church dinner has provided relief to dozens of local residents hard hit by the economy’s slide. Continue reading
Just two years ago an office space in midtown Manhattan could fetch close to $1.7 billion. Today, the same property trades for about $600 million. A sign the commercial real estate market will be the next shoe to drop in the U.S. economy? Paul Solman reports. Continue reading
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.