Many depositors with the troubled IndyMac bank had to wait in line for hours this week to get their money out. They finally got cashiers checks, but it turns out other banks aren't in a hurry to cash them. Jeff Tyler reports.
The Treasury Secretary and Fed Chairman faced heated questioning at a Congressional hearing today, as they laid out the government's plan to shore up Fannie Mae and Freddie Mac. John Dimsdale reports.
The combination of private and public ownership makes Fannie Mae and Freddie Mac hybrids, and that, says commentator Amity Shlaes, is a big part of the problem. It might be heresy to some, but she thinks nationalizing them is the answer.
The Treasury and the Fed are helping out Fannie Mae and Freddie Mac with another line of credit, access to special loans and maybe even buying their stock. Financial analyst Karen Shaw Petrou talks with Host Kai Ryssdal about what still needs to be done.
When mortgage lenders report second-quarter earnings this week, poor showings won't be a surprise. But Wall Street didn't wait for the reports as bank stocks traded down today. Alisa Roth reports.
Stocks for Fannie Mae and Freddie Mac have lost half their value on Wall Street today and many seem to think a government takeover is on the way. Alisa Roth explores how the companies might save themselves.
With consumer confidence at an all-time low, it's time to get used to the status quo. Host Bob Moon talks to author Barbara Ehrenreich about preparing for the realities of the current economy.
Financial regulators are proposing stricter capital guidelines for banks to prevent risky investments from causing another meltdown. Amy Scott reports.
