Jul 01 Watch Protecting Its Fannie: How Mortgage Giant Primed the Bubble, Covered Its Assets As part of his Making Sen$e series, Paul Solman reports on the new book, "Reckless Endangerment," which argues that for the past 20 years, Fannie Mae, a government-sponsored enterprise that increases money for homeownership, pursued profits for itself and bought… Continue watching
Jul 01 Joseph Stiglitz, Barney Frank Respond to ‘Reckless Endangerment’ Allegations By Elizabeth Shell Friday on the NewsHour, New York Times finance specialist Gretchen Morgenson and co-author Josh Rosner, a longtime housing analyst, talk about their new bestseller, "Reckless Endangerment" (no. 17 on the Times list this week). The book is a sustained indictment… Continue reading
Jul 01 ‘And If Elected I’ll Fix the Housing Market’ … Probably Not A carpenter installs vinyl siding for a new home under construction in Raleigh, N.C., in May. Photo by Jim R. Bounds/Bloomberg via Getty. As the economic troubles that began with the last recession drag on and on, the drop… Continue reading
Jul 01 Joseph Stiglitz, Barney Frank Respond to ‘Reckless Endangerment’ Allegations By Paul Solman Friday on the NewsHour, New York Times finance specialist Gretchen Morgenson and co-author Josh Rosner, a longtime housing analyst, talk about their new bestseller, "Reckless Endangerment" (no. 17 on the Times list this week). The book is a… Continue reading
Jul 01 As Debt Deadline Looms, Leaders Remain Far From Agreement An American flag hangs at the entrance to Union Station in Washington, D.C., for 4th of July celebrations. Photo By Douglas Graham/Roll Call. Washington's debt talk theater delivered an encore presentation Thursday, with Obama administration officials and Republicans… Continue reading
Jun 30 Watch White House Chief of Staff Daley: U.S. Default ‘Will Not Happen’ Daley: U.S. Default 'Will Not Happen'… Continue watching
Jun 30 Watch Are Social Media Services the Next Tech Bubble? The estimated value of tech companies such as Facebook, Twitter and LinkedIn is soaring, but could another tech bubble be building? Ray Suarez discusses the social media services that are at the center of this question with Fortune magazine's Jessi… Continue watching
Jun 30 Troubled By Our Pension Post? Here’s Our Response By Elizabeth Shell // Watch Paul Solman's report, 'Is Your Pension Safe? States Struggle With Pricey Challenges.' Our blog post on pension contributions received a supposed "correction" which itself generated some reaction. We reproduce "DougMartin10th's" original comment and my response below. Even… Continue reading
Jun 30 Troubled By Our Pension Post? Here’s Our Response By Paul Solman // Watch Paul Solman's report, 'Is Your Pension Safe? States Struggle With Pricey Challenges.' Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query:… Continue reading
Jun 29 In Photos: Greece Grapples With Budget Cuts Needed for Bailout Funds By Larisa Epatko Greece's Parliament approved a package of austerity measures Wednesday, a key step toward getting a bailout from the International Monetary Fund and European Union in order to avoid defaulting on its debts next month. Continue reading