U.S., Goldman Sachs, reach $5B settlement over risky mortgages
The Justice Department on Monday announced a roughly $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis, with the government accusing the bank of misleading investors about the quality of…
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Corzine Testifies Before Former Senate Colleagues on Missing MF Global Funds
Former MF Global CEO Jon Corzine was back at the U.S. Capitol Tuesday, for the second time in two weeks, facing a committee of former Senate colleagues. Judy Woodruff discusses the congressional investigation into the collapsed firm with The New…
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Investigating Fannie Mae and the Housing Bubble
Former executives of mortgage giant Fannie Mae testified about their role in the collapse of the housing market and the ensuing economic crisis before the Financial Crisis Inquiry Commission. Jeffrey Brown talks to two housing experts for more.
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For One Reporter, a Personal Journey Through the Mortgage Meltdown
In the latest report of his Making Sen$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."…
In his latest coverage about people hit hard by the economic downturn, NewsHour correspondent Spencer Michels reports from Antioch, Calif., about the growing numbers of people who, despite taking on more hours at work or second jobs, are unable to…
One day after signing a $787 billion stimulus bill into law, President Barack Obama outlined a $75 billion plan to help stem foreclosures, which is at the heart of the nation's deepening economic woes.
With bipartisan support, the Senate easily approved a massive federal rescue plan aimed at stabilizing the economy and freeing up the crippled credit market Wednesday night. The vote was 74-25.
An updated look at some of the players involved the financial industry's recent turmoil:…
Question/Comment: With all the discussion of the mortgage crisis, there is still hardly any mention of actually cleaning up the mortgage industry. The "experts" all seem to be on the side of the status quo, but maybe this is contributing…
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