Nov 13 Watch FDIC's Bair: Bank Bailouts Were 'Not a Good Idea' In an interview with Paul Solman, FDIC chairwoman Sheila Bair discusses lessons learned from the financial crisis, and looks back on the federal bailout of institutions deemed "too-big-to-fail," saying, "In retrospect, I think it was not a good idea."… Continue watching
Nov 12 Watch News Wrap: Falling Oil Prices Pull Markets Down In other news, falling oil prices drove down U.S. stocks markets, and the Federal Reserve issued a new rule preventing banks from charging overdraft fees on ATM and debit-card withdrawals. Continue watching
Nov 12 Home Foreclosures, New Jobless Claims Decline By Carolyn O'Hara Foreclosure numbers dropped for the third straight month in October, and new claims for unemployment benefits dropped more than expected last week, according to figures released Thursday. Continue reading
Nov 11 Ask the FDIC's Sheila Bair Your Questions Paul Solman: We’re interviewing Sheila Bair, head of the Federal Deposit Insurance Corporation, this Friday. And she’s agreed to answer your questions as well as mine. Her answers will be posted here on the Business Desk in a special… Continue reading
Nov 11 Student Questions: Measuring the Economy & Stimulus Editor’s note: This week, the Business Desk will feature questions from students in three high schools around the country. Question: How is the economy measured? — Alex, senior, Judge Memorial Catholic High School, Salt Lake City, Utah (pictured right,… Continue reading
Nov 11 Watch States' Budget Woes Threaten Broad Economic Recovery With the national economy beginning to see glimmers of a comeback, the budget woes of at least 10 states threaten to derail a broad economic recovery. Gwen Ifill reports. Continue watching
Nov 11 Watch Fed's Regulatory Powers Challenged Under Senate Plan More than a year after the economic crisis hit, legislators continue to work on how to reform financial regulation and stave off a future crisis. The latest proposal comes from Sen. Chris Dodd of the Senate finance committee. Financial experts… Continue watching
Nov 10 Competing Senate, House Financial Reform Bills Differ Over Fed's Role Senate Banking Committee Chairman Chris Dodd, D-Conn., unveiled legislation Tuesday that would dramatically reform how U.S. banks are regulated. The bill differs from legislation moving through the House of Representatives on several key issues. Continue reading
Nov 10 How Will the Downturn Affect the Gambling Economy? Question: Will the downturn in the economy have a lasting effect on the Las Vegas gambling economy? I am a “low roller” and even I am receiving many free offers for rooms in Las Vegas. Paul Solman: Let’s hope so. Continue reading
Nov 09 Student Questions: Is the Recession Over? Editor’s note: This week, the Business Desk will feature questions from students in three high schools around the country. Question: Because of the current economic conditions are we going to experience deflation or inflation in the future? —… Continue reading