Question: I wonder whether the Madoff sentence is a sufficient deterrent for future potential criminals. If he is rumored to have stolen approximately $60 billion, then $60billion/150 years comes out to about $400 million per year. That figure is…
By PBS NewsHour
Two ailing banks that just a few months ago symbolized many of the troubles afflicting the American banking system posted strong second-quarter profits Friday, exceeding analysts' expectations.
By PBS NewsHour
The Chinese government reported that the country's economy grew by 7.9 percent in the second quarter of this year, fueled by massive stimulus spending and more than $1 trillion in lending by state-run banks.
In an interview with Jim Lehrer, Treasury Secretary Timothy Geithner details the administration's case for a sweeping overhaul of the financial regulation system and discusses the government's role in shaping an economic recovery.
President Barack Obama proposed a major overhaul of financial industry regulation Wednesday. White House adviser Christina Romer explains the administration's plans.
Big U.S. banks passed key government "stress tests" and are now working to repay federal rescue funds. Does that mean they're out of the woods and the government rescue plan worked? Financial experts offer insight.
NewsHour economics correspondent Paul Solman explains how stress tests played into the government's decision to let ten big banks pay the Treasury back for the money they received from the federal rescue.
Treasury Secretary Timothy Geithner faced lawmakers' questions after the announcement that ten large banks have been cleared to begin paying back billions of dollars in federal rescue money. Jeffrey Brown talks to Washington Post reporter Binyamin Appelbaum about the details.
By Business Desk
Question: Is there any talk of reinstating the Glass-Steagall Act? Paul Solman: For those who can’t remember as far back as 1933, Glass-Steagall was an act of Congress passed only three months after President Roosevelt took office and…
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…
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