Oct 14 Watch President Bush Unveils New Plan to Stabilize Banks The Bush administration unveiled a plan Tuesday to stabilize the teetering U.S. banking system with as much as $250 billion of the financial sector rescue fund. Three economic experts discuss the impact of the plan. Continue watching
Oct 03 Wachovia Spurns Citibank, Will Be Acquired by Wells Fargo By PBS News Hour Wachovia Corp. changed course on a buyout deal Friday, agreeing to be acquired by Wells Fargo & Co. in a $15.1 billion all-stock deal, reversing an earlier agreement to be acquired by Citigroup. Continue reading
Oct 01 Senate Approves Massive Financial Rescue Plan; House May Vote Friday By Admin, PBS News Hour With bipartisan support, the Senate easily approved a massive federal rescue plan aimed at stabilizing the economy and freeing up the crippled credit market Wednesday night. The vote was 74-25. Continue reading
Oct 01 Watch Modified Wall Street Rescue Plan Awaits Senate Vote As the Senate votes on a modified version of the $700 billion bailout package that the House rejected, political and economic experts assess the measure's likely path and how it will affect financial markets abroad. Continue watching
Sep 29 In Latest Shake-Up, Citigroup to Acquire Wachovia By Admin, PBS News Hour In the latest shake-up of the widening global financial crisis, Citigroup will acquire the banking operations of Wachovia Corp. Continue reading
Sep 26 Fed Takes Over WaMu in Largest Bank Failure in American History By PBS News Hour As the debate over the proposed $700 billion bailout of Wall Street continues to rage in Washington, the government took over lending giant Washington Mutual Thursday night in what is by far the largest bank failure in American history. Continue reading
Sep 19 Watch Government Eyes Sweeping Wall Street Rescue Plan After Ray Suarez recaps Friday's updates on government efforts to rescue the a financial system teetering on bad mortgage bets, Margaret Warner speaks with a financial columinst and a business reporter about the government's intervention and the impact of the… Continue watching
Sep 18 Watch Consumers Fret as Wall Street’s Turmoil Continues to Unfold Personal finance concerns have jumped across the country as trouble among U.S. financial firms has roiled Wall Street. Columnist Jane Bryant Quinn and economist Diane Swonk discuss the impact of the crisis on everyday Americans. Continue watching
Jul 28 Watch FDIC Chief: Most Banks Will Survive Credit Crunch Poor lending and underwriting caused two more banks in the U.S. to close over the weekend, yet regulators and the Federal Deposit Insurance Corporation, or FDIC, are helping banks remain stable as the economy struggles. Sheila Bair,the chair of FDIC,… Continue watching
Jul 18 Watch Bailout of Mortgage Firms Could Set Risky Precedent As the nation's housing woes continue, the government announced a plan this week to shore up mortgage-giants Fannie Mae and Freddie Mac. Paul Solman weighs the role of government intervention and the possible ramifications of rewarding risky financial behaviors. Continue watching