Nov 11 Watch Fed’s Regulatory Powers Challenged Under Senate Plan More than a year after the economic crisis hit, legislators continue to work on how to reform financial regulation and stave off a future crisis. The latest proposal comes from Sen. Chris Dodd of the Senate finance committee. Financial experts… Continue watching
Oct 28 Watch Crackdown Targets Banks Deemed ‘Too Big to Fail’ The head of a key House committee unveiled legislation Wednesday that would grant the federal government sweeping new powers to police giant financial firms. Jim Lehrer talks to two financial analysts about the debate over "too big to fail" institutions. Continue watching
Oct 01 Bernanke Calls for ‘Council of Regulators’ By Carolyn O'Hara Testifying before lawmakers Thursday, Ben Bernanke reiterated a call for the Fed to be given supervisory powers over institutions that pose a systemic risk to the financial system, and proposed that a council of regulators help monitor risk. Continue reading
Oct 01 Watch News Wrap: Markets Drop on Mix of Weak Reports In other news, markets fell on a rise in claims for unemployment benefits and drops in auto sales and factory activity, and a key Senate committee neared the end of its work on health care reform. Continue watching
Sep 16 A Year After Bailout, Uncertain Future for AIG A year after the U.S. government came to the rescue of insurance giant American International Group (AIG), the company has a new CEO and its share price is up. Yet the company's future remains uncertain. Continue reading
Sep 15 Watch Other News: House Reprimands Rep. Wilson for ‘You Lie’ In other news, the House of Representatives formally reprimanded Rep. Joe Wilson, R-S.C., for his "You lie" outburst during President Obama's address to a joint session of Congress last week, and the White House unveiled new fuel economy standards for… Continue watching
Sep 15 Watch Obama Touts Economic Policies in Health Care Push President Obama traveled to Pennsylvania and Ohio on Tuesday to tout his administration's economic policies. Separately, Federal Reserve Chairman Ben Bernanke said the recession is "likely over," but that a drop in the jobless rate is in all likelihood still… Continue watching
Sep 14 Watch One Year After Financial Crisis, Reform Questions Loom On the one year anniversary of the collapse of Lehman Brothers, Jeffrey Brown talks to economists and experts about what has been learned and the future of financial reform. Continue watching
Sep 14 Watch A Look Back at the Collapse of Lehman Brothers Lehman Brothers survived the Civil War, the Great Depression, two World Wars, and the attacks of 9/11, yet under the leadership of Richard Fuld the investment bank went from storied Wall Street firm to catalyst of last year's economic crisis. Continue watching
Sep 09 What Has Been Done to Insulate the U.S. From Systemic Risks Overseas? By Business Desk Question: Chairman Bernanke mentioned in the News Hour forum back in July that the key trigger to Depression 1.0 was the failure of a large central European bank. With Austrian and other banks in deep distress (I believe Austrian banks… Continue reading