Oct 15 Watch Contention Permeates Final McCain, Obama Debate The two candidates for the presidency engaged on the economy, health care, abortion and other issues in Wednesday night's third and final debate before the election. Political analysts and historians discuss whether either senator emerged victorious. Continue watching
Oct 15 Watch After Brief Euphoria in Markets, Investors Sell Amid Weak Sales, Rising Prices Following a brief upswing in world markets this week, investors and analysts see growing signs of a global recession in weak earnings and troubling manufacturing figures. Economists discuss the ongoing problems and the forces driving them. Continue watching
Oct 07 Watch Candidates Face-Off During Second Presidential Debate The presidential candidates met for their second debate, covering topics ranging from economics to foreign policy and environmental issues. Political analysts and historians discuss the senators' performances and possible reaction will be from voters. Continue watching
Oct 07 Why were there no checks on these fraudulent practices and unscrupulous mortgage brokers? Question/Comment: I have a hard time understanding how some of these mortgages were ever permitted to happen. In particular, mortgages for which absolutely no documentation for verifying income or anything else were required. This allows borrowers to lie on their… Continue reading
Oct 07 For those of us who are not accountants, can you help explain how bad mortgages work? Question/Comment: For the non-accountants among us: Hypothesize that a bank has $1000 in bad mortgages (cdos, etc) that have dropped to $100 in value. How does this adversely affect the bank if it simply holds onto them and no longer… Continue reading
Oct 06 Watch Bailout Fails to Stem Credit Fears in Financial Markets Despite the approval of a sweeping $700 billion bailout bill on Capitol Hill, the downward march of the financial sector continued Monday as major world and U.S. markets plummeted. Continue watching
Oct 03 Wouldn’t mortgage-backed securities gain value if homeowners could refinance their homes? Question/Comment: This is what I don’t get: If the problem is that the mortgage-backed securities hold little value because a lot of people are unable to pay their mortgages, wouldn’t those securities gain value if homeowners were allowed to refinance… Continue reading
Oct 03 House Passes $700 Billion Financial Bailout Bill By Admin, PBS News Hour The House of Representatives passed hotly-debated legislation Friday to bail out the troubled financial industry by a 263-171 vote, agreeing to the Senate bill that passed on Tuesday and sending it to the White House for President Bush's signature. Continue reading
Sep 30 President Urges Congress to Take ‘Decisive Action’ on Bailout By Admin, PBS News Hour Stocks opened higher Tuesday morning, but financial markets remained troubled a day after the House voted down a $700 billion rescue plan for the financial sector that the Bush administration and congressional leaders had agreed was necessary. Continue reading
Sep 29 Watch Florida’s Economy Impacts Voters’ Election Day Decisions With the housing market in turmoil and the markets reeling from the credit crisis, voters in the battleground state of Florida are scrutinizing what each of the candidates may be able to do to tackle the situation. Judy Woodruff reports… Continue watching