Apr 10 Why Doesn’t the Treasury Turn Over Banks to the FDIC for Inspection? Question: Why didn’t the U.S. Treasury turn over the banks to the FDIC and let the FDIC do an audit and dispose of the rotten assets? Paul Solman:… Continue reading
Mar 23 Should the Government Break Up Big Banks Into Smaller Ones? Question: Can the government loan the FDIC money (which banks will pay back through the FDIC) to take over Citibank and Bank of America, et al., pay off… Continue reading
Mar 17 New Home Construction Jumps as Wholesale Prices Edge Up By PBS News Hour The Commerce Department reported Tuesday that construction of new homes and apartments jumped 22.2 percent in February compared with January, pushing total activity to a seasonally adjusted annual rate of 583,000 units. Continue reading
Mar 04 Does the FDIC Really Protect My Deposits? Question: With as much debt as our government is in, does the FDIC really make my bank deposits safe? And if the FDIC had to pay millions of… Continue reading
Feb 27 Watch Other News: Al-Marri to be Transferred to U.S. Civilian Court System In Friday's other news, alleged al Quaida suspect Ali Al-Marri will be transferred to the U.S. civilian court system to stand trial after 5 years in a military brig and the Dow Jones Industrial and the Nasdaq each finished the… Continue watching
Nov 24 Citigroup Offered Another Government Safety Net By PBS News Hour The U.S. government has again bailed out Citigroup, unveiling a bold plan Sunday night to inject $20 billion in fresh capital into the troubled financial giant and shoulder most of the potential losses on $306 billion of high-risk assets. Continue reading
Nov 18 Bernanke, Paulson Defend New Bailout Strategy By Admin, PBS News Hour One week after the Bush administration changed the focus of the $700 billion rescue plan for Wall Street, Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson defended the new strategy Tuesday when they testified before House members. Continue reading
Nov 14 Watch FDIC Meets Resistance to Homeowner Aid Proposal To prevent 1.5 million U.S. homes from facing foreclosure, the Federal Deposit Insurance Corp. made a proposal Friday for lenders, backed by the government, to modify struggling borrowers' loans. A New York Times reporter discusses the agency's plan plus resistance… Continue watching
Oct 27 Watch New Measures May Help Homeowners Facing Foreclosure As the economic crisis continues to reverberate around the nation, troubles in the housing sector remain key to the upheaval -- and many homeowners are facing foreclosure in the interim. Economics experts debate various measures being considered to help homeowners… Continue watching
Oct 27 The government hopes the $700 billion bailout will get banks to lend again. Why not require them to do so? Question/Comment: So the government hopes the $700 billion bailout will get banks to lend again. Why not require them to do so? According to the Wall Street Journal some of the banks are using the money for possible acquisitions, for… Continue reading