Mar 10 Bernanke Calls for Broad Overhaul of Financial Regulatory System By Admin, PBS News Hour Federal Reserve Chairman Ben Bernanke said Tuesday that the country's financial regulatory system needs a broad overhaul to strengthen oversight of financial institutions whose failure would put the entire economy in danger. Continue reading
Mar 03 Watch Government Officials Defend Economic Recovery Plans Facing criticism from some lawmakers, government officials defended their economic recovery plans. Kwame Holman reports. Continue watching
Mar 03 Bernanke Defends AIG Rescue, Urges Quick Moves on Economy By Admin, PBS News Hour Federal Reserve Chairman Ben Bernanke advised moving "aggressively" to ease the economic crisis during testimony to lawmakers Tuesday while defending the government's latest moves to prop up troubled insurance giant American International Group. Continue reading
Mar 03 Why Does AIG Need Yet Another Bailout? Question: Why does AIG need yet another bailout? Paul Solman: As Joe Nocera and Frank Partnoy explained on Monday’s show, it’s all about the “counterparties.” These are the large financial institutions with whom… Continue reading
Mar 02 Watch Markets Plunge After Government Adds Billions to AIG Rescue Stocks tumbled after the government expanded aid to struggling insurer American International Group and the company reported a huge quarterly loss. Analysts examine what this could mean for the broader financial outlook. Continue watching
Feb 23 Watch Regulators Signal New Moves for Shoring Up Banks Federal regulators vowed Monday to assist struggling banks by increasing the government's ownership stakes while an Obama spokesman said the president supports a private banking system. A financial reporter discusses the deepening crisis amid large market losses. Continue watching
Nov 11 Watch Despite Bailout, Budget Strains Worsen for Fannie, AIG Ailing financial giants Fannie Mae and American International Group will need additional government help, despite rescue measures extended by the federal recovery package. Two financial experts examine the prudence of the bailouts and their shortcomings. Continue watching
Oct 22 Watch New AIG CEO Discusses Company Spending, Troubles Government-appointed AIG CEO Edward Liddy discusses how the financial sector shake-up led to insurer AIG's problems and what measures he intends to take in order to return to successful business strategy. Continue watching
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