World May 23 With Ukraine losing ground, allies debate how to squeeze cash out of frozen Russian assets By David McHugh, Fatima Hussein, Associated Press
Nation Sep 28 Latest fight in the Alex Murdaugh case is over who controls the convicted murderer’s assets Attorneys for convicted murderer Alex Murdaugh want the federal government to take over whatever is left of the millions of dollars and other assets the convicted murderer stole and earned through his legal work. By Jeffrey Collins, Associated Press
Nation Mar 07 This nonprofit helps put families on a path out of poverty Sherry Riva thinks the key to lifting people out of poverty is helping them build savings and assets, such as a home or business. By Larisa Epatko
Jun 21 Watch Paul Krugman on the ‘Cartoon Physics’ of the 2008 Crash Economist Paul Krugman discusses the causes of the 2008 Crash with Paul Solman.
Economy Sep 02 If Big Banks Were Allowed to Fail, Would the FDIC Need a Bailout? Question: Some have said that big banks, like Citi or Bank of America, should have been allowed to fail. Given their size, could the FDIC really have covered the insured deposits? Or would the…
Aug 06 If Banks Just Changed Their Accounting Rules, Why Do They Need Bailout Money? Question: If the banks are doing just hunky-dory due to the change in accounting rules, then why do they need any bailout money? Paul Solman: Hunky-dory? You might find this online etymology of the term amusing. I have to… Continue reading
Jul 14 Simon Johnson on China and the U.S. Economy By Business Desk Paul Solman: The second in this week’s series of video exchanges with Simon Johnson of the Peterson Institute of Economics, MIT, and (formerly) the IMF, concerns China. Continue reading
Jun 09 If Banks Still Followed Mark-to-Market Rules, What Would Their Losses Look Like? Question: What is the actual amount that banks have “lost” if banks still had to follow mark-to-market rules? My understanding is that our large banks would be insolvent by almost a trillion dollars if they had to declare what… Continue reading
Mar 23 The Toxic Asset Plan Explained By Business Desk After the Treasury Department released its plan today to rid banks of so-called “toxic assets” by enticing private investors to partner with the government, Paul Solman answered questions on the basics of the plan. What exactly are… Continue reading
Mar 13 If China Is Worried About U.S. Debt, How Worried Should We Be? Question: China’s Premier Wen Jiabao said today he was “worried” about China’s $1 trillion investment in U.S. securities. So, should the United States be worried about his worry? Paul Solman: In response to any economic problem these days, I’m… Continue reading