Oct 23 Watch Southern California Hit Hard by Home Foreclosures Vacant homes dot new developments in Southern California's Riverside County, which has been plagued by record foreclosure numbers. In an excerpt of KCET Los Angeles program SoCal Connected, correspondent Lisa Ling examines the impact of the crisis - including a… Continue watching
Oct 21 Watch Attempts to Ease Credit Crunch Reveal Mixed Results Several plans have been enacted in recent weeks to loosen the flow of credit and ease the financial crisis. An expert panel evaluates the efforts and the state of the credit sector. Continue watching
Oct 17 Watch Economic Crisis Takes Toll on Pursuit of American Dream NewsHour Essayist Richard Rodriguez reflects on the impact of the global financial meltdown on the value of wealth in the U.S. and how greed and envy devalued the American dream. Continue watching
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