Nov 02 CIT Bankruptcy Produces Winners and Losers CIT, a major lender to small U.S. businesses, filed on Sunday for one of the largest Chapter 11 bankruptcy protections in history. Continue reading
Oct 22 Watch Other News: House OKs Consumer Protection Agency In other news, the House voted Thursday to establish a new consumer protection agency, and federal agents carried out a massive 19-state drug bust. Continue watching
Aug 14 Who Gets the Interest on U.S. Government Debt? Question: We have a $12 trillion dollar debt and add to it pretty much every year. How does that work? I take on debt to buy, say, a car and I pay interest to the bank that loaned me… Continue reading
Jun 25 How Regulatory Reforms Will Affect Consumers (Cont.) By Business Desk Paul Solman: Last week, we featured a number of economists (and a journalist) responding to the new financial regulations proposed by the Obama administration. But no economic historians were among them. We’ve remedied that omission by asking Eugene… Continue reading
May 21 Watch For One Reporter, a Personal Journey Through the Mortgage Meltdown In the latest report of his Making Sen$e series, Paul Solman talks to New York Times economics reporter Ed Andrews, who chronicles his personal tale of the mortgage crisis in "Busted: Life Inside the Great Mortgage Meltdown."… Continue watching
May 07 What Is a Stress Test? Why Are They Being Done? Question: What are the stress tests? And why are they being done? Paul Solman: A stress tests is simply an analysis of a bank’s balance sheet. To determine what? Whether the bank is viable as a business. Or likely to… Continue reading
May 04 Watch Alleged Ponzi Scheme Swindled Immigrants in Los Angeles Amid growing complaints about Ponzi-type schemes in the wake of the Bernard Madoff scandal, a company in Los Angeles is alleged to have swindled investors out of millions. Special correspondent Jeffrey Kaye reports. Continue watching
May 01 Watch For Those With Low Incomes, Help Creating a Credit History Spencer Michels reports on a program that helps low-income people with no credit gain access to loans and financial counseling. Continue watching
Apr 23 Watch Obama Calls for Reform of Credit Card Practices President Barack Obama put his support Thursday behind a credit card law that will regulate the sudden rate increases and late fees that cause financial trouble for millions of consumers. A financial reporter mulls the state of U.S. credit and… Continue watching
Apr 02 How Does the Student Loan Landscape Look? Question: With the way things are right now, how does it look in the future for taking out student loans? For instance, if I take out a student loan in the next two years, how much is that going to… Continue reading