Dec 06 Watch Economic Experts Weigh Bush’s Mortgage Rate Freeze Plan, Housing Crisis President Bush announced a deal with mortgage lenders to freeze interest rates on some subprime mortgages due to move sharply higher soon that he hopes would slow the rate of home foreclosures. Economic analysts assess the value of the proposal… Continue watching
Oct 24 Watch Chicago Bank Takes Action Against Subprime Housing Crunch Chicago's ShoreBank has implemented a "rescue loan program" to help customers refinance home mortgages that may be in danger of default. A consumer advocate and a mortgage industry representative weigh in on how to best respond to the country's subprime… Continue watching
Mar 08 Watch Senate Examines Credit Card Industry Practices The credit card industry and its practices, including interest rates and other fees, came under scrutiny at Senate hearings Wednesday. A Washington Post reporter details the hearings. Continue watching
Oct 23 Former Enron CEO Sentenced to 24 Years By PBS News Hour Former Enron CEO Jeffrey Skilling was sentenced Monday to 24 years and three months in prison for his part in crimes that led to the one-time energy giant's collapse. Continue reading
Aug 23 Watch Tower Records Bankruptcy Heralds Industry Changes Music chain Tower Records filed for bankruptcy for the second time on Sunday. An expert discusses how digital downloads and large-scale music distributors are changing the music industry. Continue watching
Sep 14 Delta, Northwest File for Bankruptcy Protection By PBS News Hour Delta and Northwest filed for bankruptcy Wednesday, illustrating the problem airliners are having with soaring oil prices and competition from smaller carriers. Continue reading
Jul 11 Enron Files Bankruptcy Reorganization Plan Enron Corp. on Friday filed a reorganization plan that would allow the company to emerge from bankruptcy, but pay the majority of creditors only a small fraction of what they're owed. Continue reading
Aug 12 US Airways Declares Bankruptcy US Airways, hit hard by high operating costs and the Sept. 11 terrorist attacks, filed for Chapter 11 protection Sunday, becoming the first major airline to declare bankruptcy since last fall. Continue reading
Dec 04 Enron Receives $1.5 Billion Emergency Funding One day after Enron files for the largest corporate bankruptcy in U.S. history, two major banks provide short-term rescue package for the collapsed energy giant and former Wall Street favorite. Continue reading
Dec 03 Former Energy Giant Files Largest Bankruptcy Claim In the largest corporate bankruptcy in U.S. history, Enron filed for creditor protection of its U.S. energy businesses. It also hit Dynegy with $10 billion suit for breach of contract yesterday; Dynegy responded Monday with a counter-suit. Continue reading