Feb 22 Watch Toyota Faces U.S. Criminal Probe Over Recalls A federal grand jury has opened an investigation over whether Toyota tried to cover up the acceleration problems that sparked its massive vehicle recall. The beleaguered automaker also faces congressional hearings later this week. Gwen Ifill talks to a Detroit… Continue watching
Feb 22 Watch Credit Card Customers Now Subject to New Protections, Rules New credit card regulations went into effect on Monday, intended to protect consumers from unfair billing practices. Jeffrey Brown discusses the impact of the changes with Adam Levin of Credit.com and finance columnist Gail MarksJarvis. Continue watching
Feb 19 Obama Plan Will Redirect TARP Funds to Homeowners By Jason Breslow President Obama announced a new program Friday that redirects $1.5 billion from the $700 billion bank bailout fund to aid states hardest hit by the housing crisis. The federal aid will go to housing finance agencies in the five states… Continue reading
Feb 19 Do We Need a Consumer Protection Agency? As the Senate continues to debate financial reform, the issue of whether to create an independent consumer protection agency has become a key point of contention. In a special roundtable, experts weigh in on whether a new agency should be… Continue reading
Feb 19 More Comments on the Goldman Series Question: Do you really consider the Follow-up on Front-Running piece true journalism? Or, is it possibly just gossip? Do you consider using Goldman Sachs 2009 profit statements a perfect example of where that company always makes its money?… Continue reading
Feb 19 Watch News Wrap: No Misconduct by Bush Lawyers, Justice Dept. Says In other news Friday, the Justice Department found no misconduct by Bush administration lawyers who authorized harsh interrogations. Also, home foreclosures fell in the final quarter of 2009, signaling a possible rebound in the housing market. Continue watching
Feb 18 Fed Raises Rate It Charges Banks In its first step to unwind emergency measures put in place during the height of the financial crisis, the Federal Reserve announced late Thursday it was raising the rate it charges banks on emergency loans. Continue reading
Feb 18 After Losing Its Bookstore, Laredo Tries to Write the Next Chapter By Tom LeGro The last bookstore in Laredo, Texas, closed its doors for good one month ago this week. This bilingual and bicultural border town, long challenged by high illiteracy rates, is now adjusting to its new reality. Continue reading
Feb 18 A Defense of Goldman Sachs Question: I must take exception to your two pieces on Goldman Sachs (Part I and Part II). Let us concede up front that Mr. Blankfein’s formulation of Goldman doing “God’s work” was a bit ham-handed at best, but… Continue reading
Feb 18 President Obama Creates National Commission on Debt Reduction By Quinn Bowman President Obama Thursday morning signed an executive order to create a commission tasked with helping the nation reduce its debt. Mr. Obama selected Erskine Bowles and Alan Simpson to head the commission, the National Commission on Fiscal Responsibility… Continue reading