Sep 24 Buffett Sinks $5 Billion Into Goldman Sachs By Admin, PBS News Hour As debate swirled on Capitol Hill over a proposed financial rescue plan, renowned investor Warren Buffett decided late Tuesday to buy a $5 billion stake in embattled Wall Street Titan Goldman Sachs. Continue reading
Sep 23 Bernanke and Paulson Urge Congress to Act; Lawmakers Call for More Time By Admin, PBS News Hour Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson urged Congress to pass a $700 billion financial bailout Tuesday, saying the national economy could suffer more if too much time passes. Continue reading
Sep 22 Watch Candidates Voice Concerns for Taxpayers Amid Bailouts As the government seeks to shore up the stability of U.S. financial markets, Sens. John McCain and Barack Obama expressed concern over the consequences of the massive bailouts for average taxpayers. Political reporters recap the latest news from the campaign… Continue watching
Sep 22 Watch Goldman, Morgan Shift Operations as Wall Street Reels Goldman Sachs and Morgan Stanley's conversion into bank holding companies signaled the end of the investment bank model synonymous with Wall Street. Andrew Ross Sorkin of The New York Times details the changes on Wall Street and the impact of… Continue watching
Sep 22 Watch Congress Struggles With Scope of Financial Rescue Plan The government's $700 billion financial bailout proposal now faces lawmaker approval. Senate finance committee members describe which parts of the plan are stirring debate. Continue watching
Sep 22 Congress Mulls $700B Financial Rescue Plan; Morgan, Goldman Shift Operations By PBS News Hour Lawmakers faced an intense round of negotiations Monday over a proposed $700 billion financial rescue plan as Congressional Democrats called for a cautious approach to stabilizing troubled financial markets and shoring up Wall Street's balance sheet. Continue reading
Sep 17 Watch Candidates React to AIG Bailout, Tout Reform Plans Troubles on Wall Street and concerns over the U.S. economy took center stage on the campaign trail again Wednesday. Judy Woodruff reports on the latest remarks from Sens. John McCain and Barack Obama on financial sector shifts. Continue watching
Sep 17 Watch Government Decides to Offer $85B Lifeline to AIG Insurer American International Group, Inc. faced possible collapse until the federal government decided to offer it an $85 billion lifeline Wednesday. After a look at the latest troubles on Wall Street, financial reporters detail the government bailout. Continue watching
Sep 17 Stocks Plunge Despite Fed's $85B Bailout of AIG By Admin, PBS News Hour Even though the U.S. government threw an $85 billion lifeline to troubled insurer American International Group, Inc. Tuesday, U.S. stocks took another beating Wednesday led by plummeting shares of investment banks Morgan Stanley and Goldman Sachs. Continue reading
Sep 16 Watch Presidential Contenders Call for Financial Industry Regulation Sens. John McCain and Barack Obama promised tighter government regulation of Wall Street Tuesday as they struggled to address the country's economic woes from the campaign trail. Campaign advisers debate the candidates' proposals to regulate the investment industry. Continue watching