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 19 Watch Wall Street Upheaveal Puts McCain, Obama to the Test Wall Street's woes put the economy at the top of the campaign agendas of John McCain and Barack Obama this week as the two sought to shape their views on government regulation and other issues. Analysts Mark Shields and David… Continue watching
Sep 19 Watch Wall Street Turmoil Marks Wholesale Shift in Banking Sector After a week on Wall Street that saw stalwart financial firms fall and unprecedented levels of government intervention, NewsHour economics correspondent Paul Solman and market historian Richard Sylla offer perspective on the events. Continue watching
Sep 18 Watch Consumers Fret as Wall Street’s Turmoil Continues to Unfold Personal finance concerns have jumped across the country as trouble among U.S. financial firms has roiled Wall Street. Columnist Jane Bryant Quinn and economist Diane Swonk discuss the impact of the crisis on everyday Americans. Continue watching
Sep 16 Fed Rejects Rate Cut, Global Markets Retreat amid Wall Street Turmoil By Admin, PBS News Hour The Federal Reserve Tuesday announced it will not lower a key interest rate below 2 percent despite Wall Street's major troubles and a drop in global markets. Continue reading
Sep 15 Watch Wall Street Turmoil Forces Change to Banking Landscape After a frantic weekend on Wall Street, Lehman Brothers filed for bankruptcy and Bank of America moved to buy Merill Lynch -- all of which sent the Dow Jones industrial average plunging on Monday. Reporters from the New York Times… Continue watching
Sep 15 Lehman Brothers Files for Bankruptcy, Merrill Lynch Sells to Bank of America By Admin, PBS News Hour After a frantic weekend that shook Wall Street to the core, Lehman Brothers filed for bankruptcy Monday under the weight of $60 billion in bad real estate holdings and Bank of America moved to buy Merrill Lynch in a $50… Continue reading
Jan 11 Watch Bank of America Buys Struggling Mortgage Lender Bank of America plans to acquire Countrywide Financial, the nation's largest home loan lender, as part of a "rescue deal" intended to help ease the impact of the subprime mortgage crisis. BusinessWeek senior writer Roben Farzad explains the ins and… Continue watching
Jan 11 Bank of America to Buy Mortgage Lender for $4B By PBS News Hour Bank of America Corp. said Friday that it has agreed to pay $4 billion in stock for Countrywide Financial -- rescuing the battered lender that has come to represent the excesses of the subprime mortgage market. Continue reading
Aug 24 Watch Financial Experts Examine Stock Market Irregularity Stock markets endured another week of highs and lows. The NewsHour talks to financial analysts about recent actions by the Federal Reserve and major financial institutions and what they may mean for the uneven market. Continue watching