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 25 Lawmakers Work to Hammer Out Deal on Financial Bailout By Admin, PBS News Hour Lawmakers reported making progress Thursday on reaching an agreement on a sweeping financial bailout plan, which has stirred days of debate over how to better safeguard taxpayers as Wall Street continues its tailspin. Continue reading
Sep 25 What regulations do you think would possibly fix this situation? Question/Comment: I’m concerned that your viewers are going to come away from this discussion thinking that the market is to blame. The risky investments you refer to at the root of this problem were ones that the government mandated, ones… Continue reading
Sep 25 I’m wondering, why I should care about this credit crisis? Question/Comment: I just listened to your explanation of the credit crisis on the NewsHour. I’m wondering why I should care. I am a renter, have no savings to speak of, no stocks and work for a small family business with… Continue reading
Sep 24 Kindly explain just how the U.S. taxpayer will be asked to cough up nearly $ 1 trillion to pay for this bailout? Question/Comment: Kindly explain just how the U.S. taxpayer will be asked to cough up nearly $ 1 trillion to pay for this bail out? Nobody has spelled this out in detail as far as I know. Can we expect our… Continue reading
Sep 24 Watch Obama Rebuffs McCain’s Call to Delay Debate Amid Crisis Sen. John McCain called for Friday's debate to be delayed amid the financial crisis, a move quickly rebuffed by Sen. Barack Obama. Analysts Ruth Marcus and Byron York assess the developments. Continue watching
Sep 24 Buffett Sinks $5 Billion Into Goldman Sachs By Admin, PBS News Hour As debate swirled on Capitol Hill over a proposed financial rescue plan, renowned investor Warren Buffett decided late Tuesday to buy a $5 billion stake in embattled Wall Street Titan Goldman Sachs. Continue reading
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 23 Watch Lawmakers Pose Tough Questions on Bailout Proposal Federal Reserve chief Ben Bernanke and Treasury Secretary Henry Paulson faced tough questions from skeptical members of Congress Tuesday over a $700 billion financial bailout plan. Kwame Holman reports on the hearings and other developments in the financial crisis. Continue watching