Sep 26 Fed Takes Over WaMu in Largest Bank Failure in American History By PBS News Hour As the debate over the proposed $700 billion bailout of Wall Street continues to rage in Washington, the government took over lending giant Washington Mutual Thursday night in what is by far the largest bank failure in American history. Continue reading
Sep 26 Is the principle of “buyer beware” the dominant principle in the American system? Question/Comment: Are you willing to argue that the subprime mortgage practices that started this problem can be deemed to be fraudulent in any way? Should anyone be convicted of anything for the devastation wreaked upon so many home buyers by… Continue reading
Sep 26 Is the American dream of home ownership and subsequently loaning money to unqualified home buyers a major cause of this crisis? Question/Comment: Lack of transparency and regulation appear to be at the heart of the current financial crisis. Didn’t the Senate Banking Committee and the Republicans attempt to ward this off with a reform bill in 2005? Is the American dream… Continue reading
Sep 25 Watch Congressional Leaders in Standoff Amid Financial Crisis Congressional leaders worked on a rescue plan for Wall Street as Sens. McCain and Obama came to Washington to participate in bailout talks. Two political reporters and a business reporter discuss the political impasse and how a rescue plan might… Continue watching
Sep 25 Watch Congress, the White House Stall Over Market Rescue Plan Resistance to the government's $700 billion bailout plan from lawmakers continued Thursday, adding pressure to finish a compromise deal that could bring certainty to the crisis. Kwame Holman reports on the obstacles to passing a final agreement between Congress and… Continue watching
Sep 25 Lawmakers Work to Hammer Out Deal on Financial Bailout By Admin, PBS News Hour Lawmakers reported making progress Thursday on reaching an agreement on a sweeping financial bailout plan, which has stirred days of debate over how to better safeguard taxpayers as Wall Street continues its tailspin. Continue reading
Sep 25 What regulations do you think would possibly fix this situation? Question/Comment: I’m concerned that your viewers are going to come away from this discussion thinking that the market is to blame. The risky investments you refer to at the root of this problem were ones that the government mandated, ones… Continue reading
Sep 25 I’m wondering, why I should care about this credit crisis? Question/Comment: I just listened to your explanation of the credit crisis on the NewsHour. I’m wondering why I should care. I am a renter, have no savings to speak of, no stocks and work for a small family business with… Continue reading
Sep 25 Fragile Peacemaking Underway as Nepal Ushers in Democracy, Seeks Talks with U.S. By PBS News Hour After a decade-long civil war that left about 13,000 people dead ended in 2006, Nepal has reached a milestone in its peace process even though it is being guided by the same man who led the insurgency. Continue reading
Sep 24 President Calls for Sweeping Government Intervention in U.S. Economy By Admin, PBS News Hour Warning "our entire economy is in danger", President Bush made a somber address to the nation Wednesday, outlining the need for a sweeping government intervention in the nation's financial system in order to prevent widespread collapse. Continue reading