Stockbroker and business analyst David Johnson in Dallas chats with host Tess Vigeland about the week on Wall Street. The go over markets, commodities, oil, the dollar and whether or not we can relax.
The Federal Reserve Bank of Boston is holding a foreclosure workshop today. Hoping to bring together troubled borrowers, the seminar is being held at a pro football stadium. Curt Nickisch has more.
UBS says it will buy back $19 billion-worth of auction-rate securities from its customers. With billions of losses already on its books, can UBS afford it? Bob Moon reports that maybe they can't afford not to.
Fannie Mae announced a $2.3 billion loss for the quarter that ended in June, which makes some wonder what's next for the housing market and the American economy. Steve Henn reports.
With losses continuing to mount at Fannie Mae and Freddie Mac, the big question is whether we're headed toward a government bailout. Steve Henn reports it's looking likely the government will come to the rescue.
The Federal Reserve wants to impose new rules on credit card companies that would help curb high rates and give those in debt more time to pay. Nancy Marshall Genzer has more on what the Fed wants to change.
Stockton, Calif., tops a list of cities with the most home foreclosures, with 1 out of 25 homes in trouble. Host Kai Ryssdal talks with Bob Bressani, Stockton's interim housing director, about why the city has been hit so hard.
Foreclosure filings doubled last quarter compared to a year ago. One in every 171 households nationwide is now in some stage of foreclosure. Will the housing bill moving through Congress help? Dan Grech has more.
An implicit federal government guarantee backing up Fannie Mae and Freddie Mac became an explicit one this week. Will it be enough? Professor Anthony Sanders of Arizona State University fills us in.
With the Federal Deposit Insurance Corporation's takeover of IndyMac Bank, we went to its headquarters as depositors waited in line to withdraw their funds. We took some of their questions and posed them to banking consultant Bert Ely.
