Feb 23 Is Front-Running Considered Insider Trading? Question: I’ve been a Paul Solman groupie for some years now, but I think your recent piece on front-running was the best ever. Why, under the law, is front-running not considered insider trading? Paul Solman: There IS a… Continue reading
Feb 23 Tuesday's Headlines: Hearings on Toyota Begin; Senate Advances Jobs Bill As the first of three Congressional hearings on the safety standards at Toyota are set to begin Tuesday, the president of the automaker's U.S. operations is apologizing for the company's slow handling of its vehicles' problems. "Put simply, it has… Continue reading
Feb 23 Watch Toyota's Troubles Accelerate with Congressional, Criminal Probes Toyota executive James Lentz apologized to a House subcommittee Tuesday over the motor company's slow response to safety concerns. Jim Lehrer talks with Rep. Bruce Braley, D-Iowa, and Rep. Phil Gingrey, R-Ga., about the first of three congressional probes on… Continue watching
Feb 22 Khan Academy: How to Calculate the Unemployment Rate By Spencer Michels A 33-year-old math and science whiz kid -- working out of his house in California's Silicon Valley -- may be revolutionizing how people all over the world will learn math. He is Salman Khan, and until a few months… Continue reading
Feb 22 What Consumers Should Know About New Credit Card Rules After Congress passed credit card legislation last May, new rules governing credit card companies take effect Monday. Some changes to the way companies can set interest rates and pay schedules already took effect last August. For an idea… Continue reading
Feb 22 Why Is There So Little Mention of Toxic Assets? Question: Why is there no more mention of “toxic assets?” Does Goldman Sachs have any toxic assets on their balance sheet? Paul Solman: Well, Goldman was SELLING toxic assets like mortgage-backed securities to… Continue reading
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