Sep 17 Watch Candidates React to AIG Bailout, Tout Reform Plans Troubles on Wall Street and concerns over the U.S. economy took center stage on the campaign trail again Wednesday. Judy Woodruff reports on the latest remarks from Sens. John McCain and Barack Obama on financial sector shifts. Continue watching
Sep 17 Watch Government Decides to Offer $85B Lifeline to AIG Insurer American International Group, Inc. faced possible collapse until the federal government decided to offer it an $85 billion lifeline Wednesday. After a look at the latest troubles on Wall Street, financial reporters detail the government bailout. Continue watching
Sep 16 Watch Presidential Contenders Call for Financial Industry Regulation Sens. John McCain and Barack Obama promised tighter government regulation of Wall Street Tuesday as they struggled to address the country's economic woes from the campaign trail. Campaign advisers debate the candidates' proposals to regulate the investment industry. Continue watching
Sep 15 Watch Obama, McCain React to Wall Street’s Turmoil Sens. John McCain and Barack Obama pushed their proposals to reform Wall Street Monday as the financial sector reeled from the demise of Lehman Brothers and the selling of Merrill Lynch. Political reporters discuss the latest campaign news. Continue watching
Sep 15 Watch Wall Street Turmoil Forces Change to Banking Landscape After a frantic weekend on Wall Street, Lehman Brothers filed for bankruptcy and Bank of America moved to buy Merill Lynch -- all of which sent the Dow Jones industrial average plunging on Monday. Reporters from the New York Times… Continue watching
Sep 15 Lehman Brothers Files for Bankruptcy, Merrill Lynch Sells to Bank of America By Admin, PBS News Hour After a frantic weekend that shook Wall Street to the core, Lehman Brothers filed for bankruptcy Monday under the weight of $60 billion in bad real estate holdings and Bank of America moved to buy Merrill Lynch in a $50… Continue reading
Sep 11 When running as intended, what cost difference does Fannie and Freddie make to the mortgage payment of the average house? By Business Desk Question/Comment: How do other nations subsidize housing (to the same end that Fannie and Freddie do in the U.S.)? When running as intended, what cost difference does Fannie and Freddie make to the mortgage payment of the average house? If… Continue reading
Sep 10 Lehman Plans Asset Sale to Boost Investor Confidence By Admin, PBS News Hour Investment bank Lehman Brothers announced plans Wednesday to sell a majority stake in its investment management business as the company struggles to stay afloat after reporting a record quarterly loss of about $4 billion. Continue reading
Sep 08 Watch Questions Remain After Fannie Mae, Freddie Mac Takeover Most U.S. stocks rose following the federal government takeover of mortgage giants Fannie Mae and Freddie Mac, but questions lingered over the impact on the housing market and the credit crisis. Business reporters and analysts mull the implications of the… Continue watching
Sep 08 Watch Treasury Official Explains Fed’s Move to Rescue Housing Firms After a recap of the weekend's news on the government takeover of housing giants Fannie Mae and Freddie Mac, acting Treasury Undersecretary Andrew Ryan details the move. Continue watching