Sep 29 Could property prices be temporarily "set" at the value of the total mortgage on the property? Question/Comment: If real estate is indeed the basis of our current economy, surely we cannot let it free fall. Could property prices be temporarily “set” at the value of the total mortgage on the property? And on any new property… Continue reading
Sep 29 In Latest Shake-Up, Citigroup to Acquire Wachovia By Admin, PBS News Hour In the latest shake-up of the widening global financial crisis, Citigroup will acquire the banking operations of Wachovia Corp. Continue reading
Sep 26 Watch Largest Bank Failure in U.S. History Preempts Any Bailout Plan Another blow was dealt to the ailing American finance system as Washington Mutual Bank was seized overnight by the U.S. government. By morning its assets were sold off to JPMorgan Chase. Business reporters detail the sudden and drastic move. Continue watching
Sep 26 Watch Kwame Holman Reports on Financial Woes Preceding Debates Lawmakers have not been able to agree on a plan with the White House, nor with each other, choosing not to enact a bill for the near future. NewsHour correspondent Kwame Holman discusses the dealings on Capitol Hill. Continue watching
Sep 26 Bush Struggles to Unite Rebelling House Republicans on Bailout By Admin, PBS News Hour As Washington struggles to reach consensus on a proposed Wall Street bailout, GOP senators have blocked a proposed Democratic plan to pump $56 billion into public works projects, help for the jobless and to help states with high Medicaid bills. Continue reading
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