Jun 03 What’s the Collateral Damage of GM’s Bankruptcy? Question: What’s the collateral damage or ripple effects of GM’s bankruptcy? Paul Solman: Funny you should ask. We’re in the process of scripting a brief story for tonight’s NewsHour addressing this very question. (Brief for us, that is: For the… Continue reading
May 22 What Are the Chances the Government Will Profit on the Bank Bailouts? Question: It seems that almost all of the news we hear about the government’s bailout of the banks is negative, as if the American taxpayer will never see another dime of the bailout money again. But isn’t it true… Continue reading
May 07 GM Reports Heavy Losses in the First Quarter By Admin, PBS News Hour General Motors Corp., which faces a June 1 government deadline to finish a restructuring plan or go into bankruptcy protection, said Thursday it lost $6 billion and its revenue was cut nearly in half in the first quarter. Continue reading
May 07 What Is a Stress Test? Why Are They Being Done? Question: What are the stress tests? And why are they being done? Paul Solman: A stress tests is simply an analysis of a bank’s balance sheet. To determine what? Whether the bank is viable as a business. Or likely to… Continue reading
Apr 28 Watch Chrysler Deadline Nears as GM Looks to Downsize After General Motors announced plans to cut another 21,000 jobs and Chrysler reached a deal with United Auto Workers that may help the automaker avoid bankruptcy, a New York Times reporter provides an update on Detroit automakers' latest efforts to… Continue watching
Apr 24 Ford’s $1.4 Billion Loss in First Quarter Better Than Expected By PBS News Hour Ford Motor Co. posted a smaller-than-expected $1.4 billion loss for the first quarter on Friday, saying that it burned through less of its cash and reiterating that it still doesn't expect to ask the government for financial help. Continue reading
Apr 22 Watch TARP Inspector Probes Bailout Fraud, Warns of Program’s Pitfalls Neil Barofsky, the special inspector general assigned to monitor the banking bailout, discusses his office's ongoing investigations into potential fraud in the TARP program and recent warnings on taxpayer risk. Continue watching
Apr 20 Bank of America Posts Better-Than-Expected Earnings By PBS News Hour Bank of America, the largest U.S. lender by assets, reported that its income in the first quarter of 2009 more than tripled to $4.2 billion. Continue reading
Apr 14 Watch After Infusion of Aid, Some Banks Return Bailout Funds As the government invests billions to shore up the financial sector, some banks are returning rescue funds earlier than expected. A banking chief and a reporter explain the latest. Continue watching
Apr 13 Where Is the Bailout Money Hiding? Question: You did a great job explaining where the money for the bailouts comes from. Can you now tell us where, exactly, it is going? If there are so many trillions of dollars sloshing about, how come the… Continue reading