Nov 29 Watch Employees Expected to 'Bear the Burden' of American Airlines Bankruptcy After 81 years of flying, American Airlines landed in federal bankruptcy court Tuesday, filing for Chapter 11 protections against its creditors. Judy Woodruff discusses what's behind the bankruptcy with Ben Mutzabaugh of USA Today. Continue watching
Nov 01 Watch MF Global's Risky Bets on Europe Backfire on Investors Major securities firm MF Global, Inc., run by former New Jersey Gov. Jon Corzine, filed for bankruptcy protection Monday. Ray Suarez speaks with New York Times columnist Joe Nocera about the story and the investor money at stake. Continue watching
Feb 03 AIG and Credit Default Swaps: A Clarification By Elizabeth Shell Name: Merritt Dunn Question: Since the Treasury Department bailed out AIG and AIG had underwritten a large number of credit default swaps (that I understand pay up if a certain percentage of mortgages in a portfolio go into foreclosure), then… Continue reading
Sep 13 Watch New Global Banking Rules in the Works, 2 Years After Lehman's Downfall Two years after Lehman Brothers collapsed, central bankers from 27 countries agreed to new rules that include substantially raising the amount of capital that banks must hold in reserve in hopes of preventing another global financial crisis. Continue watching
Dec 01 General Motors CEO Fritz Henderson Resigns The CEO of General Motors, Frederick "Fritz" Henderson, has resigned, the automaker announced Tuesday. He has been replaced on a temporary basis by Ed Whitacre, chairman of the board of the troubled automaker. Continue reading
Nov 04 GM Reversal on Opel Deal Rankles German Officials By Online DA In a surprise reversal that has left politicians across Germany fuming, General Motors' board has voted to abandon a deal to sell its European operations to car-parts supplier Magna International Inc. and Russian bank Sberbank. Continue reading
Nov 02 Watch Taxpayers' $2.3 Billion 'Gone' in CIT Bankruptcy The recession claimed another major financial institution, as lending giant CIT filed for bankruptcy after months of struggling to keep the company, which funds about 1 million small- to medium-sized businesses, afloat. Continue watching
Sep 18 Lehman's Lawyer on the Decision to Let It Fail By Business Desk Editor’s note: Paul also recently sat down with Harvey Miller, lawyer for Lehman Brothers during its descent into bankruptcy, for an insider’s look at what it was like meeting with government regulators as Lehman faced collapsed. Continue reading
Sep 15 In Case You Missed It: Losing Lehman Brothers Editor’s note: Last night on the NewsHour, Paul filed a compelling report on the fall of Lehman Brothers one year after the firm’s descent into bankruptcy. He traces Lehman’s fall from storied Wall Street investment bank to catalyst for the… Continue reading
Jul 16 Simon Johnson on the Future of the U.S. Auto Industry Paul Solman: The fourth in this week’s series of conversations with economist Simon Johnson concerns the future of the suffering American auto industry. Johnson weighs in on whether the new GM will make it and responds to the… Continue reading