Oct 15 U.S. Markets Plummet, Global Indicators Slide Amid Recession Fears By PBS News Hour After a two-day rally, U.S. stock prices plunged Wednesday as investors worldwide expressed concerns the global efforts to inject liquidity and restore confidence to the battered financial system may not be enough to stave off a widespread recession. 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 22 Profiles of the Troubled Financial Giants By Admin, PBS News Hour An updated look at some of the players involved the financial industry's recent turmoil:… 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
Apr 02 Economy on Brink of Recession, Bernanke Warns By Admin, PBS News Hour Federal Reserve Chairman Ben Bernanke warned Congress Wednesday that the U.S. economy may continue to shrink -- signaling the possible start of a recession -- in his first testimony since the Fed approved the bailout of investment firm Bear Stearns. Continue reading
Mar 24 Watch JP Morgan Raises Bear Stearns Buyout Bid Amid stockholder discontent, JP Morgan Chase raised its bid to buy investment bank Bear Stearns Monday from $2 a share to $10 a share. A New York Times financial reporter helps explain the buyout. Continue watching
Mar 17 Fed Makes Weekend Move to Aid Credit Markets By Admin, PBS News Hour Amid news of a fire sale buyout deal for lending group Bear Stearns, the Federal Reserve took more bold action over the weekend. Continue reading