Mar 30 Watch Peru Nurtures Growth Amid Economic Uncertainty In the first part of a series on Peru, Ray Suarez reports on a growing and business friendly environment in a country rebounding from economic instability and deep debt just twenty years ago. Continue watching
Mar 26 Greece's Rescue Plan Includes Unprecedented IMF Loans By Larisa Epatko A European Union financial safety net for Greece approved late Thursday contains potential bilateral loans from eurozone countries and assistance from the International Monetary Fund. Continue reading
Mar 26 Who Is to Blame for the Meltdown? Question: I keep hearing conservatives like Amity Shlaes blaming the meltdown on Fannie and Freddie and CRA, and liberals like Dean Baker and John Cassidy minimizing the role of Fannie/Freddie/CRA. They say it was… Continue reading
Mar 26 Obama to Announce Major Expansion of Mortgage Relief Program Updated 11:00am ET The Treasury Department has posted this press release with more details on the mortagage aid plan. With estimates showing more than 3 million households may file for foreclosure by year's end, the Obama administration is… Continue reading
Mar 26 Watch News Wrap: White House Unveils Mortgage Plan In other news Friday, the White House unveiled its new initiatives to help homeowners at risk for foreclosure and Congress sent the final installment of the health care bill to President Obama, with a few adjustments. Continue watching
Mar 25 How Were Off-Balance-Sheet Transactions Allowed to Continue? Question: In this current financial crisis, I keep hearing about “off balance sheet” transactions. I’m old enough to remember Enron’s collapse, which also entailed “off balance sheet” transactions. What are these (I think they are also referred to as structured… Continue reading
Mar 25 Watch Foreclosures: Who's Being Helped, Who's Losing Out? The Obama administration is tweaking the current foreclosure policy to help people stay in their homes. Judy Woodruff reports on who may be helped. Continue watching
Mar 24 Michael Lewis Explores the Financial Meltdown in 'The Big Short' By Jeffrey Brown The author of several well-known bestsellers including "Moneyball" and "The Blind Side," Michael Lewis has written about a wide variety of subjects, ranging from how the Oakland A's baseball team picks its players to the Silicon Valley tech… Continue reading
Mar 24 What's the Difference Between Quantitative Easing and the Fed Buying Securities? Question: What’s the distinction between “quantitative easing” and the Federal Reserve simply buying and selling government securities to affect the nation’s money supply? Paul Solman: The distinction is that when the Fed is selling, it’s sopping up money from the… Continue reading