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Daily business news and economic stories
  • According to a survey released by the Federal Reserve today, the average family's household net worth declined around 20 percent between 2007 and 2009.

  • According to the Treasury Department, six banks have repaid the funds they received from the government bailout of Wall Street, bringing the total bank repayment under the Troubled Asset Relief Program to 99 percent

  • Ratings agency Moody's cut Spain's credit rating today after Greece was downgraded several notches on Monday. Ratings downgrades in Europe could have big consequences in the United States.

  • This week, the federal government will head to court for what may be the biggest insider trading case in decades. Fortune Magazine's Allan Sloan say many on Wall Street will be watching closely.

  • The Securities and Exchange Commission may propose dropping credit rating agencies for a new method for evaluating their portfolios. Nancy Marshall Genzer explains.

  • Representatives from the G-20 — the world's 20 largest economies — met in Paris this weekend to discuss how to measure "global imbalances" in the economy. One goal of the summit was to determine a way to measure those "imbalances" and prevent another financial crisis, as Stephen Beard reports.

  • The Congressional Oversight Panel that oversees the TARP program has released a report on executive bonuses at bailed out financial institutions. Former Democratic Senator Ted Kaufman, who chairs the Congressional Oversight Panel, explains the report's findings.

  • Analysts blame mortgage-backed securities for the 2008 financial crisis. So it's surprising that the bonds are making a comeback. Anusha Shrivastava, of Dow Jones Newswires, explains.

  • But critics say the Financial Crisis Inquiry Commission's report lacks concrete recommendations for preventing another crisis.

  • A 576-page tale of greed, betrayal and near-global doom hits bookstores Thursday. Will anyone "buy" the official report on the financial crisis?