Dec 04 For Singles, Job Losses Hit Twice as Hard When it comes to job losses, the economy's slide has been twice as painful for singles as it has for married adults. Continue reading
Dec 03 Tough Criticism for Bernanke By Carolyn O'Hara Federal Reserve Chairman Ben Bernanke faced tough criticism Thursday from a Senate committee for the central bank's failure to regulate risk-taking on Wall Street. Continue reading
Nov 17 TARP Watchdog: N.Y. Fed ‘Severely Limited’ Savings on AIG By Carolyn O'Hara The Federal Reserve Bank of New York ceded much of its negotiating power to AIG's trading partners during the insurance giant's rescue last year, according to a new report from the watchdog for the Troubled Asset Relief Fund. Continue reading
Nov 16 Watch GM to Repay Government Loans Early, Cites Profit Progress Despite reporting more than a billion-dollar loss since July, General Motors says it expects to pay the federal government's bailout money back five years early. Gwen Ifill speaks with David Shepardson of the Detroit News for more. Continue watching
Nov 13 Watch FDIC’s Bair: Bank Bailouts Were ‘Not a Good Idea’ In an interview with Paul Solman, FDIC chairwoman Sheila Bair discusses lessons learned from the financial crisis, and looks back on the federal bailout of institutions deemed "too-big-to-fail," saying, "In retrospect, I think it was not a good idea."… Continue watching
Nov 12 Watch News Wrap: Falling Oil Prices Pull Markets Down In other news, falling oil prices drove down U.S. stocks markets, and the Federal Reserve issued a new rule preventing banks from charging overdraft fees on ATM and debit-card withdrawals. Continue watching
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
Nov 10 Competing Senate, House Financial Reform Bills Differ Over Fed’s Role Senate Banking Committee Chairman Chris Dodd, D-Conn., unveiled legislation Tuesday that would dramatically reform how U.S. banks are regulated. The bill differs from legislation moving through the House of Representatives on several key issues. Continue reading
Nov 04 Watch Other News: Iranian Protesters Clash With Police In other news, thousands of Iranian protesters clashed with police in the streets of Tehran on the 30th anniversary of the U.S. Embassy takeover, and the U.S. Supreme Court will decide whether prosecutors can be sued for damages. 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