Jun 09 Watch Deciphering the Results of Banking ‘Stress Tests’ 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. Continue watching
Jun 09 Watch Treasury Clears 10 Banks to Repay $68 Billion in Bailout Money 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. Continue watching
May 26 Is There Any Talk of Reinstating Glass-Steagall? 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… 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 20 Watch Behavioral Economist Examines Interplay of Money, Morality and Rationality In the latest in economics correspondent Paul Solman's Making Sense series, behavioral economist Dan Ariely mulls decision-making mechanisms in finance and they ways in which many people rationalize their unethical actions. Continue watching
May 13 Why Doesn’t the Government Set Up a New Bank to Get the Economy Moving Again? Question: I’ve been watching the difficulties the government has had propping up the banks — the lack of control, the salaries, the fact that they’re trying to fix entities with a lot of toxicity on their balance sheets. The following… Continue reading
May 12 Who Owns the Credit Card Companies? Question: Who owns the credit card companies? Once upon a time, Bank of America owned Visa, but I’m not sure if it’s been spun off. So, if the stress tests have shown that the banks are not as healthy as… Continue reading
May 08 Watch Shields and Brooks Mull Economic Expectations, Afghan Policy Columnists Mark Shields and David Brooks examine the outcome of the banking stress test results, U.S. policy toward Afghanistan and Pakistan and remember the life of Jack Kemp. Continue watching
May 08 Watch Geithner Weighs Pace of Job Losses, Defends Stress Tests Treasury Secretary Timothy Geithner defends the stringency of the banking stress tests and offers insight on the pace of U.S. job losses as unemployment reaches 8.9 percent. Continue watching
May 07 Watch ‘Stress Tests’ Put Credibility of Banks, Regulators Back in Spotlight On the day the government released better-than-expected stress test results for 19 major banks, a panel of economic analysts explain how the numbers were calculated and gauge the report's impact on the nation's financial health. Continue watching