Feb 27 What is the Process for Reprivatization of Banks? Question/Comment: If the banks are nationalized and become healthy again, what is the process for reprivatization? Do stockholders on record as of the date of nationalization have any priorities when the banks are reprivatized? How did Sweden manage this process?… Continue reading
Feb 25 Wall Street Teeters, Obama Presses Economic Plan By Admin, PBS News Hour Wall Street rang up fresh losses in early trading Wednesday as the Obama administration pressed its economic plan and moved forward with preparations to begin new "stress tests" on the banking system. Continue reading
Feb 23 What Would My Investments Look Like if the Government Nationalized Banks? Question/Comment: I’m retired and considering investing in Citigroup and BAC. However, I keep hearing the word “nationalization.” Would my prospective investment be lost should the Government nationalize Citigroup and… Continue reading
Feb 19 Why Should We Save Big Banks? Question/Comment: I am a traditional liberal democrat who is in favor of a large stimulus package that focuses on job creation and helping out states. I can not understand the need for further bank bailouts. I do not understand the… Continue reading
Feb 16 Why Won’t Banks Lend Money? Editor’s Note: Paul recently answered “Five Good Questions” on the economy for the PBS Engage blog. You will also be able to find those answers here on the Business Desk all week. Question/Comment:… Continue reading
Feb 10 New Bank Rescue Plan Aimed at Easing Credit By PBS News Hour Treasury Secretary Timothy Geithner announced Tuesday a strategy to overhaul the widely criticized bank bailout fund that is aimed at unclogging credit markets that provide loans to consumers and businesses. Continue reading
Feb 09 Watch Obama Makes Case to Nation for Stimulus Plan President Barack Obama gave a prime-time press conference Monday to make his case to the public for an economic stimulus plan and to respond to other policy issues. Following is the text of Mr. Obama's prepared statement and the full… Continue watching
Feb 06 In Case You Missed It: Bad Bank vs. Good Bank Paul Solman explores a solution to the financial crisis that’s gaining steam: creating “bad banks” and “good banks.” ]>… Continue reading
Feb 06 Does it Make Economic Sense for Homeowners to Immediately Pay Off Their Mortgage? Question/Comment: Given that U.S. banks appear to need cash to stabilize themselves and begin extending credit, would it not make economic sense for homeowners with mortgages to pay off the balance of their loans as soon as possible if not… Continue reading
Feb 04 Obama Links $500,000 Executive Pay Cap to Bailout Funds By Admin, PBS News Hour President Barack Obama and Treasury Secretary Timothy Geithner announced Wednesday a pay cap of $500,000 for top executives at companies that receive federal dollars under the Troubled Asset Relief Program for struggling banks and corporations. Continue reading