Sep 18 Watch Central Banks Add Liquidity to Wobbly Markets President Bush addressed recent shifts in the financial sector, central banks flooded currency markets with cash in an attempt to spur banks to begin lending again and the presidential candidates offered fresh reactions to the crisis. Kwame Holman and Judy… Continue watching
Sep 18 World Banks Add Liquidity to Markets, Speculation Grows Over New Mergers By PBS News Hour The world's central banks injected $180 billion into markets early Thursday to revive a global financial system that had nearly ground to a halt amid a crisis on Wall Street and to ensure the banks can access enough cash for… Continue reading
Sep 18 How deeply has the home foreclosure problem affected retirees? Question/Comment: How deeply has the home foreclosure problem affected retirees? Paul Solman: Wasilla? THE Wasilla? (Indeed, there IS a Marian Elliott in Wasilla, according to Zaba Search, so I suppose so.) Welcome. Small town;… Continue reading
Sep 17 Watch Government’s Rescue of AIG Fails to Calm Nervous Investors The government's bailout of AIG failed to boost stock markets Wednesday, with the Dow dropping more than 400 points. Economic analysts examine the government's decision to aid the insurer and the state of financial woes. Continue watching
Sep 17 Watch Government Decides to Offer $85B Lifeline to AIG Insurer American International Group, Inc. faced possible collapse until the federal government decided to offer it an $85 billion lifeline Wednesday. After a look at the latest troubles on Wall Street, financial reporters detail the government bailout. Continue watching
Sep 17 Stocks Plunge Despite Fed’s $85B Bailout of AIG By Admin, PBS News Hour Even though the U.S. government threw an $85 billion lifeline to troubled insurer American International Group, Inc. Tuesday, U.S. stocks took another beating Wednesday led by plummeting shares of investment banks Morgan Stanley and Goldman Sachs. Continue reading
Sep 17 Last year Lehman Brothers’ CEO made $71 million. Now his company has collapsed. How much will he make this year? Question/Comment: Last year Lehman Brothers’ CEO Richard Fuld, Jr. made $71 million. Today his company collapsed. How much will he make this year? Paul Solman: I don’t know about this year. You’ve covered last. Continue reading
Sep 16 Watch Fed Aims to Stabilize Markets as Jittery Investors Watch AIG With the financial industry still reeling from Monday's collapse of key institutions, the Federal Reserve pumped another $70 billion into the teetering system Tuesday. Two business journalists discuss the Fed's relief efforts. Continue watching
Sep 16 Fed Rejects Rate Cut, Global Markets Retreat amid Wall Street Turmoil By Admin, PBS News Hour The Federal Reserve Tuesday announced it will not lower a key interest rate below 2 percent despite Wall Street's major troubles and a drop in global markets. Continue reading
Sep 15 Watch Uncertainty Hits Wall Street After Lehman, Merrill Meltdown The demise of Lehman Brothers, Merrill Lynch's $50 billion buyout and concerns about AIG caused a Wall Street panic Monday. Economic analysts give insight on the causes and implications of the financial crisis. Continue watching