Sep 24 With all of the trouble on Wall Street, is it the end of the world as we know it? By Business Desk Paul Solman: As Lehman was melting down on Sept. 14, I wrote the following “answer,” which remains my best effort to explain what’s been going on. We’re going to keep it as the lead item on this page for awhile… Continue reading
Sep 23 Watch Firms’ Soaring Credit Debt Prompted Federal Rescue Unmanageable loans and debt of firms like Lehman Brothers, Fannie Mae, Freddie Mac and AIG led to declines in their credibility and the end of growth based on credit. Paul Solman explains how these giants lost control of their finances… Continue watching
Sep 23 Watch Massive Financial Rescue Faces Skepticism in Congress Fed chief Ben Bernanke and Treasury head Henry Paulson answered questions from skeptical members of Congress Tuesday as they pushed their $700 billion bailout plan. Analysts discuss the details of the proposal. Continue watching
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 18 Watch Central Banks Add Liquidity to Wobbly Markets President Bush addressed recent shifts in the financial sector, central banks flooded currency markets with cash in an attempt to spur banks to begin lending again and the presidential candidates offered fresh reactions to the crisis. Kwame Holman and Judy… Continue watching
Sep 17 Watch Government’s Rescue of AIG Fails to Calm Nervous Investors The government's bailout of AIG failed to boost stock markets Wednesday, with the Dow dropping more than 400 points. Economic analysts examine the government's decision to aid the insurer and the state of financial woes. Continue watching
Sep 17 Watch Government Decides to Offer $85B Lifeline to AIG Insurer American International Group, Inc. faced possible collapse until the federal government decided to offer it an $85 billion lifeline Wednesday. After a look at the latest troubles on Wall Street, financial reporters detail the government bailout. Continue watching
Sep 17 Stocks Plunge Despite Fed’s $85B Bailout of AIG By Admin, PBS News Hour Even though the U.S. government threw an $85 billion lifeline to troubled insurer American International Group, Inc. Tuesday, U.S. stocks took another beating Wednesday led by plummeting shares of investment banks Morgan Stanley and Goldman Sachs. Continue reading
Sep 16 Watch Fed Aims to Stabilize Markets as Jittery Investors Watch AIG With the financial industry still reeling from Monday's collapse of key institutions, the Federal Reserve pumped another $70 billion into the teetering system Tuesday. Two business journalists discuss the Fed's relief efforts. Continue watching