Aug 12 Watch With General Motors Back in Black, Interim CEO Steps Aside As General Motors announced a $1.3 billion quarterly profit Thursday, CEO Edward Whitacre announced he will step down on Sept. 1. Jim Lehrer talks to David Shepardson from The Detroit News and George Magliano of IHS Automotive about the company's… Continue watching
Oct 28 How Will the Fannie and Freddie Takeovers Affect U.S. Debt? Question: Can you explain how the U.S. government’s take over of Fannie Mae and Freddie Mac affect interest on the debt now and in coming years? Paul Solman: No. Actually, I CAN explain, but… Continue reading
Oct 19 Arrests, Scrutiny Put Hedge Fund Sector on Edge The arrests of a prominent Wall Street hedge fund founder and five others on Friday have unsettled the hedge fund world and could spur calls for new rules governing the largely unregulated financial sector. Continue reading
Jul 14 Watch Other News: Obama Predicts More Job Losses, Helicopter Crashes in Afghanistan In other news, President Barack Obama predicted job losses would likely continue to rise for the next few months, and six civilians working for NATO died in Afghanistan when their helicopter crashed. Continue watching
May 22 What Are the Chances the Government Will Profit on the Bank Bailouts? Question: It seems that almost all of the news we hear about the government’s bailout of the banks is negative, as if the American taxpayer will never see another dime of the bailout money again. But isn’t it true… Continue reading
Apr 21 If AIG Uses Its Bailout to Pay Off Other Debts, Is That a Ponzi Scheme? Question: If we are shoveling money into AIG and they are pushing it out the back door to pay off bad debts and then banks announce profits, does this mean we are in a… Continue reading
Apr 20 Watch Banking Industry’s Uncertain Future Puts Investors on Edge Stocks tumbled Monday on skepticism over financial sector earnings, despite a better-than-expected earnings report from Bank of America. A reporter updates the state of the banking sector. Continue watching
Mar 19 Is the Federal Reserve Public or Private? By Business Desk Question: Is the Federal Reserve “federal” as the name implies, or is it as “federal as Federal Express,” meaning a private, for-profit corporation? I’ve heard it both ways and would like the answer clarified by a hard-hitting reporter whose willing… Continue reading
Jan 09 Watch Economists Explain Why Hints of the Economic Crisis Eluded Them Some of the nation's brightest economists failed to predict the foreclosure crisis and economic recession that followed. Paul Solman asks them why no one connected the dots in time to warn the public. Continue watching
Dec 12 Watch Prominent Trader Charged With Multi-billion-dollar Fraud A prominent Wall Street trader was arrested on charges of massive fraud that may cost investors $50 billion. Wall Street Journal reporter Tom Lauricella discusses what may be the largest fraud scheme in the history of Wall Street. Continue watching