Oct 06 Are there any banks or investment houses not involved in risky practices? Question/Comment: Are there any banks or investment houses not involved in risky practices? I would like to deal with a financial institution that has integrity. Where can I find it? Paul Solman: No, banks and investment banks are in an… Continue reading
Sep 29 Could property prices be temporarily “set” at the value of the total mortgage on the property? Question/Comment: If real estate is indeed the basis of our current economy, surely we cannot let it free fall. Could property prices be temporarily “set” at the value of the total mortgage on the property? And on any new property… Continue reading
Aug 01 How exactly did the banks lose money? Question/Comment: My question about the mortgage crisis is this: how exactly did the banks lose money? It seems that people who put deposits on the loans that were foreclosed upon lost their money, not the banks. The banks… Continue reading
Apr 29 Can Fed come up with a better system for encouraging long-term savings? By Business Desk Question/Comment: I inherited some money, retired, and moved to Portland, Ore. Now that I have money in the bank, and the Fed has been lowering interest rates, I've been wondering exactly how our banking system actually works. When the Fed… Continue reading
Apr 16 How does the FDIC bailout work? Question/Comment: How does the FDIC bailout work? If I have an account in a failing bank, how much money must I have in the account to get the $100,000 bailout? Is it true that… Continue reading
Jan 15 Justices Uphold Limits on Security Fraud Suits By Admin, PBS News Hour The Supreme Court ruled Tuesday to limit security fraud lawsuits, prohibiting investors from suing third parties such as banks or accountants for helping manipulate stock prices. Continue reading
Aug 30 Watch Risky Subprime Market Sends Ripples Through Financial World The volatility of the financial markets this summer has stemmed from weaknesses within the mortgage industry and other risky loan operations. Economics correspondent Paul Solman explains what is behind the subprime market and how it has impacted the financial world. Continue watching
Jun 21 Watch Wal-Mart to Offer New Debit Card, More MoneyCenters Retail giant Wal-Mart announced plans to offer its own Visa debit card and open 1,000 more MoneyCenters for check cashing, money orders and other financial services, much to the dismay of the banking industry. A business reporter examines the move. Continue watching
Feb 22 Watch Iran Defies U.N. Deadline on Uranium Enrichment Iran has expanded its uranium-enrichment activities in defiance of U.N. Security Council demands, the International Atomic Energy Agency reported. Analysts discuss what may happen next to address Iran's nuclear program. Continue watching
Jul 04 Watch High Pension Costs Hurt Business In an excerpt from a Frontline report, Hedrick Smith examines the problems that maintaining traditional pensions is having on middle-class Americans. Continue watching