Aug 11 Did Hank Paulson Just Want to Save Goldman Sachs? By Business Desk Question: [In the Bernanke on the Record forum hosted by the NewsHour,] Chairman Bernanke did not mention the bailout of Goldman Sachs — the first bank to receive such funds. Was it more critical to the survival of the… Continue reading
Jul 16 Watch Paulson Defends Bank of America-Merrill Lynch Deal Former Treasury Secretary Hank Paulson testified Thursday in the third and final House hearing looking into the government's role in the Bank of America purchase of Merrill Lynch. Jim Lehrer discusses the hearings with Binyamin Appelbaum of the Washington Post. Continue watching
Jul 16 Paulson Rebuts Congress’ Rebuke on Bank Merger By PBS News Hour Lawmakers grilled former Treasury Secretary Henry Paulson Thursday over the government's role in Bank of America's merger with Merrill Lynch, saying authorities withheld information about losses and intimidated bank executives into sealing the deal. Continue reading
Jun 11 Watch ‘Frontline’ Investigates Bank of America Deal An excerpt on Frontline's upcoming report on Bank of America and the government's new role in the banking system, told from the perspective of CEO Ken Lewis and the financial reporters who covered the story. Continue watching
Jun 11 Watch Lawmakers Examine Bank Purchase of Merrill Lynch Officials from the Treasury Department and Federal Reserve pressed Bank of America into purchasing Merrill Lynch last year, the bank's chief executive Ken Lewis told a House committee. Spencer Michels reports on the hearing. Continue watching
Mar 18 AIG Chairman Liddy Heads to Capitol Hill By Admin, PBS News Hour The head of American International Group appeared on Capitol Hill Wednesday amid a furor over bonus pay at the company and told lawmakers that he's called on employees to return a portion the controversial payments. Continue reading
Nov 25 Fed Commits $800 Billion to Unfreeze Credit Markets, Boost Consumer Spending By PBS News Hour The Federal Reserve announced two new programs Tuesday aimed at unfreezing credit for homebuyers, small businesses and consumers. Continue reading
Nov 24 Watch Citigroup Averts Collapse With Government Rescue Plan In an effort to stabilize the teetering American financial giant, the U.S. government stepped up to help Citigroup by injecting $20 billion in capital and agreeing to shoulder most potential losses for the bank's high-risk assets. A New York Times… Continue watching
Nov 24 Watch Obama: Optimistic Fiscal Team Determined to Revive American Economy President-elect Barack Obama unveiled his top economic advisers Monday, saying they share his desire to fuel long-term economic growth and create jobs. Economic experts examine the challenges that lie ahead for the team. Continue watching
Nov 18 Watch Struggling Automakers Press Congress for Federal Aid On Capitol Hill Tuesday, Ben Bernanke and Henry Paulson defended their economic rescue strategy and automakers made their case for federal aid. Senators detail the debate over using bailout funds to help automakers. Continue watching