Apr 20 Watch Banking Industry’s Uncertain Future Puts Investors on Edge Stocks tumbled Monday on skepticism over financial sector earnings, despite a better-than-expected earnings report from Bank of America. A reporter updates the state of the banking sector. Continue watching
Apr 16 Watch Foreclosures Rise in New Sign of Housing Market Trouble New government numbers show that home foreclosures increased 24 percent in the first quarter of this year as compared to the first quarter of 2008 as a voluntary foreclosure moratorium ended on March 31. Analysts discuss the data and the… Continue watching
Apr 10 Watch Obama Optimistic, Yet Cautious on Economic Recovery Outlook The president said Friday he saw "glimmers of hope" in increased lending to small businesses, but the economy was still under "under severe stress." Analysts discuss the signs of economic recovery and the road ahead. Continue watching
Apr 06 Where Does Money Go When It’s Taken Out of the Stock Market? Question: As the Dow continues to fall, I keep wondering where the money is going. Obviously, money is being pulled out of the stock market, even though we all are still buying and using products, and companies are still functioning. Continue reading
Mar 23 Watch Toxic Asset Plan May Woo Investors, but Long-term Impact Is Unclear While markets rose Monday on details of the toxic asset plan, critics voiced concern over taxpayer risk and the need for a long-term fix to financial sector troubles. New York Times columnist Paul Krugman and Donald Marron of Lightyear Capital… Continue watching
Mar 19 Interest Rates on Credit Cards Are Going Up. Won’t That Further Hurt Average Joes? Question: About four weeks ago, my Chase credit card informed me that the interest rate on my current balance was changing from 5.99 fixed to 10.99 variable so that Chase could “maintain profitability” on my account. I knew that I… Continue reading
Mar 17 How Do We Get Banks Lending Again? Question: Given our collective financial plight and our need for credit to survive, how do we get banks to be banks again (read: lend)? Can it be legislated – and if not, how can we surmount our impasse? Paul Solman:… Continue reading
Feb 24 Watch As Banking Woes Grow, Debate Over Nationalization Intensifies As turmoil continues in the U.S. banking industry, speculation is intensifying over whether the government should take larger ownership stakes in banks. Columnist Paul Krugman and former FDIC chief William Isaac weigh the pros and cons. Continue watching
Feb 23 Watch Obama’s Vow to Halve Deficit Puts Focus on Budget Plan President Barack Obama cast a new focus on the budget deficit Monday, announcing a goal of halving the $1.3 trillion gap by the end of his first term. Analysts weigh the goal. Continue watching
Feb 06 In Case You Missed It: Bad Bank vs. Good Bank Paul Solman explores a solution to the financial crisis that’s gaining steam: creating “bad banks” and “good banks.” ]>… Continue reading