Apr 21 Watch Financial Reform Gets Bipartisan Boost in Derivatives Rule Vote Lawmakers moved closer to passing sweeping reform of the financial system as a Senate panel approved new regulations for the complex derivatives market with the backing of GOP Sen. Charles Grassley of Iowa. Jeffrey Brown talks to experts about derivatives… Continue watching
Apr 20 Government Should Set Limits on Salt in Food, Report Says Americans consume unhealthy amounts of salt, and in order to help them cut back the government needs to begin regulating sodium levels in processed food, according to a new report by the National Academies of Science's… Continue reading
Apr 20 Congress Grills Regulators, Executives at Lehman Brothers Hearing Federal regulators and former executives from Lehman Brothers faced renewed criticism from lawmakers in the House on Tuesday during a hearing examining the policy implications of the investment bank's collapse in September 2008. Some of the toughest criticism… Continue reading
Apr 20 Politico Reporter: Lawmakers Leery of Financial Reform's Potential Pitfalls By Hari Sreenivasan Politico reporter Eamon Javers, who "covers the intersection of Wall Street and Washington," stopped by The Rundown Tuesday afternoon to talk about financial reform legislation advancing through Congress. President Barack Obama is headed to New York City on Thursday… Continue reading
Apr 20 Why Do Banks Foreclose Rather Than Negotiate With the Owner, Who Can Pay the Sale Price They Want? Question: I watched your recent piece on Florida. The question that begs to be answered is WHY the banks would rather foreclose on a property and sell it someone else for 30 cents… Continue reading
Apr 20 Volcano Stems Kenya's Flower, Vegetable Market By Larisa Epatko Iceland's volcano has not only thrown a wrench into airline passengers' plans but has put Kenya's European market of fresh produce and cut flowers in limbo, at least temporarily. Continue reading
Apr 20 Questions for Bernanke, Geithner, and Fuld at the Lehman Hearing Treasury Secretary Tim Geithner and Fed Chair Ben Bernanke appear Tuesday morning before the House Financial Services Committee to answer questions about the policy implications of the recent Lehman Brothers autopsy report. The report concluded that "accounting gimmicks"… Continue reading
Apr 20 Civil Rights Icon Dorothy Height Dies; Former Lehman CEO to Face Questions Dorothy Height attends a 2006 congressional hearing about voting rights in the District of Columbia. (Photo by Alex Wong/Getty Images.) The civil rights movement lost its founding matriarch early Tuesday morning. Dorothy I. Height, who fought for most of… Continue reading
Apr 20 Watch 'Strategic Defaulters' Skip Mortgage Payments as Home Values Tumble As part of his continuing series of reports making sense of economic news, Paul Solman tells the story of some homeowners who have stopped paying their mortgages even though they can still afford them. Continue watching
Apr 20 Watch Lawmakers Dissect Lehman Brothers Collapse, Weigh New Financial Rules Former Lehman Brothers executives and financial regulators faced tough questions in a House hearing over the firm's bankruptcy at the start of the financial meltdown. Kwame Holman reports on the congressional hearings over the collapsed investment firm. Continue watching