Nov 19 Who Regulates the Student Loan Industry? Question: Who regulates the student loan industry to stop the practice of gouging young people with excessive interest charges added to their principal when they “defer” payment …the govt doesn’t pay the interest and the loans mushroom. Paul Solman: As… Continue reading
Nov 18 Did Tax Cuts Create U.S. Jobs? Question: The Bush tax cuts put billions in the hands of corporations and other businesses with the hope that they would create U.S. jobs, especially manufacturing jobs in the United States. Did this actually happen or did much of that… Continue reading
Nov 17 What's the 'Next New Thing' to Solve the Jobs Crisis? Question: Hi Paul. If it’s going to take a “new thing,” a la the Internet, to pull us out of the unemployment funk, what do you think it is ? Paul Solman: When I receive a query like this,… Continue reading
Nov 17 Obama Unveils Financial Fraud Task Force By Online DA President Obama issued an executive order Tuesday establishing a multi-agency task force to crack down on financial fraud. Continue reading
Nov 17 TARP Watchdog: N.Y. Fed 'Severely Limited' Savings on AIG By Carolyn O'Hara The Federal Reserve Bank of New York ceded much of its negotiating power to AIG's trading partners during the insurance giant's rescue last year, according to a new report from the watchdog for the Troubled Asset Relief Fund. Continue reading
Nov 17 Obama Cites Human Rights, Currency in China By Maureen Hoch Talks between President Barack Obama and Chinese President Hu Jintao yielded pledges to cooperate on climate change and the economy, but little by way of human rights and upping the value of the yuan currency. Continue reading
Nov 17 Watch More Americans Facing Hunger, Report Finds A new report found that almost 15 percent of U.S. households had trouble finding enough food in 2008. Jeffrey Brown speaks with experts for more. Continue watching
Nov 16 GM to Repay Government Loans Early General Motors announced Monday that it will begin repaying $6.7 billion in government loans before the end of the year and could pay back the full amount as early as next year, five years ahead of schedule. Continue reading
Nov 16 Why Didn't the Gov't Bail Out People Instead of Banks? Question: I have never understood why it would not have been more effective to have “bailed out” people directly, and banks indirectly, by giving money to people instead of banks. The money would have necessarily have had to move… Continue reading
Nov 16 Watch GM to Repay Government Loans Early, Cites Profit Progress Despite reporting more than a billion-dollar loss since July, General Motors says it expects to pay the federal government's bailout money back five years early. Gwen Ifill speaks with David Shepardson of the Detroit News for more. Continue watching