Oct 17 President Bush Stands by Government Action; Housing Starts Fall in September By Admin, PBS News Hour President Bush sought to reassure Americans that moves taken by the federal government would be bold enough to ease the financial crisis even as new reports showed further declines in the housing market. Continue reading
Sep 16 Watch Fed Aims to Stabilize Markets as Jittery Investors Watch AIG With the financial industry still reeling from Monday's collapse of key institutions, the Federal Reserve pumped another $70 billion into the teetering system Tuesday. Two business journalists discuss the Fed's relief efforts. Continue watching
Sep 08 Markets Rise on News of Fannie Mae, Freddie Mac Takeover By Admin, PBS News Hour Global stocks and the dollar jumped Monday on the news that the government seized control of mortgage giants Fannie Mae and Freddie Mac Sunday in a landmark attempt to stabilize the firms and contain the financial crisis caused by the… Continue reading
Aug 26 Home Prices Dip, but Market Signals Improvement By Admin, PBS News Hour While the U.S. housing market continues to suffer from a slide, new statistics released Tuesday show some evidence that the situation is improving as reluctant buyers return to the market to snatch up bargains. Continue reading
Jul 17 Watch Fannie Mae CEO Defends Mortgage Giant’s Stability Fannie Mae CEO Daniel Mudd reacts to questions about the stability of the mortgage-lending giant after the government took steps earlier this week to back Fannie Mae and Freddie Mac in order to maintain stability and confidence in U.S. financial… Continue watching
Jul 16 Consumer Prices Rise at Fastest Rate Since ’82 By Admin, PBS News Hour The Labor Department reported Wednesday that consumer prices jumped 1.1 percent in June, marking the fastest rise in more than a quarter century and fueling further concerns over inflation levels in the jittery U.S. economy. Continue reading
Jun 06 Watch Unemployment Rate Jumps as Economic Woes Mount The nation's unemployment rate hit 5.5 percent in May as employers cut some 49,000 jobs, providing a fresh snapshot of a still-struggling U.S. economy. Mark Zandi, chief economist with Moody's Economy.com, explains the new Labor Department report and what it… Continue watching
May 07 The housing market has made a major jump in the last thirty years, why? Question/Comment: Paul, in 1965, my dad bought our house in a suburb of Los Angeles for about $3,000. In 1979, he sold it for about $80,000. Why did the market jump so much in just 14 years? This has been… Continue reading
May 06 Watch Fannie Mae Posts Losses; Mortgage Market Quakes The mortgage giant Fannie Mae posted $2.2 billion in losses Tuesday in its third consecutive quarter of bad news. A reporter from the New York Times explains this latest bad news and its potential impact on the mortgage market. Continue watching
Apr 02 Watch Senate Leaders Reach Tentative Deal on Housing Relief Momentum grew Wednesday for a Senate bill aimed at easing the slumping housing market and helping families threatened by foreclosure after lawmakers reached a tentative deal on a scaled-back version of the legislation. The architects of the compromise, Senators Chris… Continue watching