Oct 01 What would happen if we did nothing to fix the 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
Oct 01 If many people have a stake in my mortgage, what happens when I make a payment? Question/Comment: I enjoyed the tutorial tonight. What I want to learn is how these mortgage backed securities pay the folks that hold them. They are pieces of many mortgages, so say I am a homeowner with a mortgage and send… Continue reading
Oct 01 Why is a bailout being considered, not massive loans? Question/Comment: Why not loans, instead a “bailout”? Also, why do we have to do this in a week – why not two weeks? Did Paulson make it worse by saying it had to be done this week so that now… Continue reading
Oct 01 What do you think about Allen Meltzer's views on rescue plan? Question/Comment: How do you feel about Professor Meltzer’s solution? He’s with Mellon Institute, and was interviewed just before your segment. He’s against any government involvement, but if we must, then loan money to companies who wish to borrow and repay… Continue reading
Sep 30 Watch Americans Fear Personal Investments Hit by Credit Crunch A record decline in U.S. markets Monday spread panic to average Americans worried about their investments. Finance writers Jane Bryant Quinn of Newsweek and Brett Arends of the Wall Street Journal assess how the credit crisis will impact personal finances. Continue watching
Sep 30 President Urges Congress to Take 'Decisive Action' on Bailout By Admin, PBS News Hour Stocks opened higher Tuesday morning, but financial markets remained troubled a day after the House voted down a $700 billion rescue plan for the financial sector that the Bush administration and congressional leaders had agreed was necessary. Continue reading
Sep 30 Which was the only stock in the S&P 500 to go up yesterday, according to Bloomberg.com? Paul Solman: Rhetorical question, posed by myself: Which was the only stock in the S&P 500 to go up yesterday, according to Bloomberg.com? Answer: Campbell, the soup company. If the goals of the Conquistadors in the “New” World… Continue reading
Sep 29 Watch Rescue Bill Failure Shocks Wall Street The House defeated a $700 billion rescue package Monday, causing serious turmoil on Wall Street. A panel of reporters discuss the implications of the rescue rejection. Continue watching
Sep 29 With the world shifting under our feet, a response to the day's record events. Paul Solman: With the world shifting under our feet as I write (2 pm), today’s question came from the editor of The Business Desk, who asked for a response to the events of the second: Dow down 500+ (and I… Continue reading
Sep 29 House Rejects $700 Billion Bailout; Stocks Plummet By Admin, PBS News Hour The House on Monday defeated a $700 billion emergency rescue package, ignoring pleas from President Bush and bipartisan congressional leaders to bail out the financial industry, while the Dow Jones industrial average lost more than 700 points. Continue reading