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
Apr 20 Bank of America Posts Better-Than-Expected Earnings By PBS News Hour Bank of America, the largest U.S. lender by assets, reported that its income in the first quarter of 2009 more than tripled to $4.2 billion. Continue reading
Apr 16 Watch Foreclosures Rise in New Sign of Housing Market Trouble New government numbers show that home foreclosures increased 24 percent in the first quarter of this year as compared to the first quarter of 2008 as a voluntary foreclosure moratorium ended on March 31. Analysts discuss the data and the… Continue watching
Apr 16 Housing Market Continues to Stumble By PBS News Hour New home starts fell more than 10 percent in March, according to new government numbers released Thursday, while foreclosures surged 24 percent in the first quarter of the year. Continue reading
Apr 09 Watch Other News: Obama Touts Mortgage Plan; Kim Jong-il Makes Rare Public Appearance In other news, President Obama urged homeowners to take advantage of new programs designed to help them refinance their mortgages at lower interest rates. Also, Kim Jong-il accepted a third term as North Korea's supreme military leader. Continue watching
Apr 03 Watch Other News: Iowa Court Legalizes Same-Sex Marriages Iowa's Supreme Court ruled that the state's ban on gay marriage is unconstitutional, and mortgage giants Fannie Mae and Freddie Mac will pay more than $210 million in bonuses through next year as an incentive to get more than 7,600… Continue watching
Mar 23 Watch Glut of Foreclosed Homes Encourages Scams, Desperation With the national foreclosure rate still climbing, some chose to live in foreclosed homes while others have been the victims of "rent skimmers," people who pretend to own a foreclosed property and scam tenants out of thousands of dollars in… Continue watching
Mar 18 Watch Fed to Pump Another $1 Trillion Into Economy The Federal Reserve announced Wednesday that it will devote another $1.2 trillion to unfreeze credit markets and help stimulate the sluggish economy. Greg Ip of The Economist provides details on the move. Continue watching
Mar 12 Watch Spike in Foreclosures Reveals Continued Housing Trouble Foreclosure filings continue to rise nationwide, with new data showing an increase of 30 percent in February from the same month one year ago. An analyst assesses the numbers and how they tie to the overall economic picture. Continue watching
Mar 05 Watch Other News: Jobless Claims Drop, Homes Plan Advances The number of U.S. workers filing for unemployment benefits dipped to 639,000 last week, and the House of Representatives moved forward on a bankruptcy home loan bill. Also, the president of Sudan expelled more aid organizations after the International Criminal… Continue watching