Economy Apr 11 U.S., Goldman Sachs, reach $5B settlement over risky mortgages The Justice Department on Monday announced a roughly $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis, with the government accusing the bank of misleading investors about the quality of… By Eric Tucker, Associated Press
Economy Dec 13 Watch Corzine Testifies Before Former Senate Colleagues on Missing MF Global Funds Former MF Global CEO Jon Corzine was back at the U.S. Capitol Tuesday, for the second time in two weeks, facing a committee of former Senate colleagues. Judy Woodruff discusses the congressional investigation into the collapsed firm with The New…
Economy Apr 09 Watch Investigating Fannie Mae and the Housing Bubble Former executives of mortgage giant Fannie Mae testified about their role in the collapse of the housing market and the ensuing economic crisis before the Financial Crisis Inquiry Commission. Jeffrey Brown talks to two housing experts for more.
Economy May 21 Watch For One Reporter, a Personal Journey Through the Mortgage Meltdown In the latest report of his Making Sen$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."…
Apr 02 Watch Despite Adding Hours and Jobs, More Workers Unable to Sustain Themselves 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… Continue watching
Feb 18 Obama Unveils $75 Billion Mortgage Plan By PBS News Hour 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. Continue reading
Oct 01 Senate Approves Massive Financial Rescue Plan; House May Vote Friday By Admin, PBS News Hour 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. 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
Aug 05 The “experts” all seem to be on the side of the status quo. Why can’t we hear from people inside the industry who really want to reform it? 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… Continue reading