Oct 14 It seems to me that FDR may have saved the traditional banking system. What do you think? By Business Desk Question: First, it seems to me that FDR saved the traditional banking system. I’ve checked the account of the plan they came up with during the “bank holiday” in the second Schlesinger book and… Continue reading
Oct 14 U.S. Treasury to Inject $250 Billion into Banks By Admin, PBS News Hour In a new effort to shore up confidence in the economy and inject life into frozen credit markets, the U.S. Treasury will inject $250 billion into several large banks. Continue reading
Oct 13 Watch U.S. Economist Krugman Wins Nobel Prize in Economics The last of six 2008 Nobel Prizes was awarded Monday to Princeton University professor and New York Times columnist Paul Krugman for his research on free trade and globalization. Krugman discusses his research and theories with Jim Lehrer. Continue watching
Oct 13 Watch World Leaders Pledge Aid to Curb Global Financial Turmoil As global markets try to steady themselves amid an economic crisis, world leaders pledged to pump billions of dollars into U.S. and European economies to allay the problems. A panel of financial experts discuss the move. Continue watching
Oct 13 U.S., European Stocks Soar in Response to Government Rescue Plans By Admin, PBS News Hour Stocks across the world closed with large gains Monday after European and U.S. officials poured billions of dollars into struggling banks as part of emergency plans to restore confidence in global financial markets. Continue reading
Oct 11 Is it time to admit that the world is already in a recession? Question/Comment: Over the past few weeks, we have gone to extreme measures to save economies around the world. Treasuries and central banks to date have used multiple tools to ease this crisis such as, lowering Interest rates, pumping billions of… Continue reading
Oct 11 If the amount of $62 trillion is owed for credit default swaps, who or what entity eventually pays that? Question/Comment: If the amount of 62 trillion dollars is owed for credit default swaps, who or what entity eventually pays that? Not even the U.S. government can make up for an amount which is 13 times our… Continue reading
Oct 11 Isn't much of the $55 trillion dollar market made up of hedge funds and other institutions betting that bonds and other debt products fail? Question/Comment: I watched your piece on credit default swaps, which was illuminating but I think missed one point. Isn’t much of the $55 trillion dollar market made up of hedge funds and other institutions betting that bonds and other debt… Continue reading
Oct 10 Watch Global Stock Sell-Off Stirs New Fears of Recession One year after the Down Jones industrial average peaked above 14,000 points, it closed Friday below 8,500 amid a global financial slump. Economic analysts and reporters give insight on the latest Wall Street woes. Continue watching
Oct 10 What would you do with your money if you had a high tolerance for risk? Question/Comment: If you had a high tolerance for risk, and you had a mutual fund, which you purchased in one lump sum, and it was down 33 percent, would you put more money into it to make it more like… Continue reading