President Obama met with banking officials Friday at the White House to discuss financial strategies that will help unfreeze the credit markets and shore up capital. Analysts assess the plan and what it might mean for banks around the country.
While markets rose Monday on details of the toxic asset plan, critics voiced concern over taxpayer risk and the need for a long-term fix to financial sector troubles. New York Times columnist Paul Krugman and Donald Marron of Lightyear Capital…
White House economic adviser Lawrence Summers details the Treasury Department's plan to clear "toxic" assets from banks through a combination of public and private investment.
Question: Can the government loan the FDIC money (which banks will pay back through the FDIC) to take over Citibank and Bank of America, et al., pay off…
Question: How concerned should we be about (1) our level of national debt and (2) China holding a large portion of our national debt? Paul Solman: These are among the great debates of our time, of course. Short-term,…
The Federal Reserve announced Wednesday that it will devote another $1.2 trillion to unfreeze credit markets and help stimulate the sluggish economy. Greg Ip of The Economist provides details on the move.
President Barack Obama issued a new defense Wednesday in the firestorm over AIG bonuses as the AIG chief testified on Capitol Hill. Analysts offer insight on the political impact.
Foreclosure filings continue to rise nationwide, with new data showing an increase of 30 percent in February from the same month one year ago. An analyst assesses the numbers and how they tie to the overall economic picture.
Treasury Secretary Timothy Geithner has said he is working on a plan to remove so-called "toxic" assets from banks by having the government partner with private investors to create special funds. Analysts discuss the pros and cons of the strategy.
In other news, an Alabama gunman killed 10 people before taking his own life, in what has become the state's biggest mass killing. In Germany, a teenage gunman killed 15 people before turning the gun on himself.
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