Apr 09 Who is Making Money in Our Health Care System? Question: Everyone is constantly saying that “health care costs are rising,” but besides the health insurance companies, I don’t see anyone making any money. Everything costs more and more, but who’s keeping it all? I hope you could do a… Continue reading
Apr 09 Friday: Fire Delays W.Va. Mine Rescue; Rep. Stupak Will Not Seek Reelection Brian Lemon, a Massey Energy miner, leans against a truck near the Upper Big Branch Mine on Thursday. (Matt Sullivan/Getty Images.) Frustration is mounting in the search for four workers trapped in a West Virginia coal mine as an… Continue reading
Apr 09 Watch Investigating Fannie Mae and the Housing Bubble 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 watching
Apr 08 Will Health Care Reform Increase the National Debt? Question: I’m concerned that in the long term, the U.S. health care plan will ultimately increase the national debt. Is this true? It’s hard to know the truth when you live in a house filled with smoke and mirrors! Paul… Continue reading
Apr 08 After Geithner Visit, Is China Ready to Let Its Currency Strengthen? Treasury Secretary Timothy Geithner met a high-ranking Chinese official Thursday in Beijing for talks believed to have focused on China's currency. No breakthroughs were reported by either side but rumblings out of the session seem to signal China may be… Continue reading
Apr 08 Watch Ex-Citigroup Chiefs Express Regret for Role in Financial Crisis Former Citigroup executives apologized before members of Congress for their company's involvement in the global financial crisis. Jeffrey Brown talks to the chairmen of the Financial Crisis Inquiry Commission about their ongoing inquiry. Continue watching
Apr 07 What Do You Think of Credit Unions? Question: Just saw your piece on moving money to the “George Bailey Banks” (GBB) and the “Too-Big-To-Fail” (TBTF) banks. I really like my credit union — I’d like… Continue reading
Apr 07 Greenspan Defends Fed's Role in Run-up to Financial Crisis Former Federal Reserve Chairman Alan Greenspan appeared before a congressional committee investigating the causes of the financial crisis on Wednesday. His message: The Federal Reserve is not to blame for the meltdown. In more than two hours of testimony,… Continue reading
Apr 07 GM Announces $4.3 Billion Loss in First Post-Bankruptcy Report General Motors announced Wednesday it lost $4.3 billion in the six months that followed its emergence from the fourth largest corporate bankruptcy in U.S. history last summer. While the loss may seem staggering, the company's first official… Continue reading
Apr 07 Wednesday: Hopes Fading for Trapped Miners; Geithner to Visit China West Virginia Gov. Joe Manchin points to a map of the Upper Big Branch Mine on Wednesday. (Photo by Mark Wilson/Getty Images.) As rescue teams race Wednesday to locate four trapped workers from the West Virginia coal mine where… Continue reading