Sep 23 Bernanke and Paulson Urge Congress to Act; Lawmakers Call for More Time By Admin, PBS News Hour Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson urged Congress to pass a $700 billion financial bailout Tuesday, saying the national economy could suffer more if too much time passes. Continue reading
Sep 23 Isn’t the tumbling marketplace a result of the various regulations? Question/Comment: Hi Paul, isn’t the tumbling marketplace a result of the various regulations? Whether we had fewer regulations recently than in the past, it’s not as though this meltdown is occurring in a free market. If our property, current and… Continue reading
Sep 22 Watch Goldman, Morgan Shift Operations as Wall Street Reels Goldman Sachs and Morgan Stanley's conversion into bank holding companies signaled the end of the investment bank model synonymous with Wall Street. Andrew Ross Sorkin of The New York Times details the changes on Wall Street and the impact of… Continue watching
Sep 22 Watch Congress Struggles With Scope of Financial Rescue Plan The government's $700 billion financial bailout proposal now faces lawmaker approval. Senate finance committee members describe which parts of the plan are stirring debate. Continue watching
Sep 22 If someone said to you, I have $100,000 of hard earned money saved, where would you invest it? Question/Comment: If someone said to you, I have $100,000 of hard earned money saved, where would you invest it? Paul Solman: In U.S. government TIPS, Treasury Inflation-Protected Securities, I suppose. They pay an… Continue reading
Sep 22 Profiles of the Troubled Financial Giants By Admin, PBS News Hour An updated look at some of the players involved the financial industry's recent turmoil:… Continue reading
Sep 22 Is it too much to ask that the top CEOs of a big corporation be paid no more than five to 10 times the wage of the lowest paid full-time employee? Question/Comment: Is it too much to ask that the top CEOs of a big corporation be paid no more than five to 10 times the wage of the lowest paid full-time employee? Radical, but… Continue reading
Sep 22 Where do the funds for the bailouts and related rescue efforts in fact come from? Question/Comment: I have 2 naive questions: 1. This is a nuts and bolts/dollars and sense (pun intended) question: Where do the funds for the bailouts and related rescue efforts in fact come from? What is the source of the… Continue reading
Sep 22 Congress Mulls $700B Financial Rescue Plan; Morgan, Goldman Shift Operations By PBS News Hour Lawmakers faced an intense round of negotiations Monday over a proposed $700 billion financial rescue plan as Congressional Democrats called for a cautious approach to stabilizing troubled financial markets and shoring up Wall Street's balance sheet. Continue reading
Sep 21 Why has the Fed repeatedly lowered interest rates? Question/Comment: Repeatedly, the Fed has lowered interest rates, and repeatedly, the market has responded, and repeatedly, it has continued its downward trend. It is obvious that that does not work. Do they want simply to lower interest rates and find… Continue reading