Economy - Most Recent

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Ca-ching goes the Federal Reserve

Oct 23, 2008
The Federal Reserve has bailed out Fannie Mae, Freddie Mac, Bear Stearns, Lehman Brothers. And there's more to come. The total is estimated at $1.4 trillion. Wondering where that money comes from? Rico Gagliano finds out.
Posted In: Economy, Wall Street

Alan Greenspan's 'shocked disbelief'

Oct 23, 2008
Former Fed Chairman Alan Greenspan told Congress he's "shocked" at the financial meltdown. He did concede his belief in deregulation was flawed, but Nancy Marshall Genzer asks, did Greenspan really not see this coming?
Posted In: Economy, Wall Street

Maybe 'too big to fail' is just too big

Oct 22, 2008
Taxpayers are bailing out huge Wall Street banks because their collapse would spell doom for the financial system. But commentator Robert Reich thinks it's odd to also allow those companies to consolidate and get even bigger.
Posted In: Economy, Wall Street

Obama's war chest vs. public financing

Oct 20, 2008
Barack Obama shattered campaign fundraising records again, raising $150 million in September alone. And, he did so solely with private donors. Host Tess Vigeland turns to Politico.com writer Ken Vogel for some perspective.

Fed will buy stake in banks of all sizes

Oct 20, 2008
Treasury Secretary Henry Paulson said the $250 billion bank rescue plan isn't just for the big guys. It's come one, come all -- big, medium or small. Ashley Milne-Tyte has more from New York on what Paulson had to say.
Posted In: Economy, Wall Street

Bernanke urges consumer stimulus

Oct 20, 2008
Federal Reserve Chairman Ben Bernanke told Congress that the economy is badly in need of a boost and said it's time for a significant stimulus package. Washington Bureau Chief John Dimsdale has more.
Posted In: Economy

Where's this bailout cash coming from?

Oct 15, 2008
The Fed soon starts lending directly to corporations, plus it's pledged unlimited dollars to foreign central banks. So, just how much is this gonna cost, and where's the Fed getting the money? Steve Henn finds out.
Posted In: Economy, Wall Street

Markets dislike the close election

Oct 15, 2008
Despite research that says a close election is good for investors, some are saying the upcoming presidential election is upsetting an unsettled market. Nancy Marshall Genzer reports things may improve later.

Parsing the candidates' economic plans

Oct 14, 2008
Presidential candidates Barack Obama and John McCain say they have starkly different plans to restore the U.S. economy. But in reality, Steve Henn reports, the candidates' policies are moving closer together.
Posted In: Economy, Taxes, Wall Street

FDIC has role in boosting confidence

Oct 14, 2008
An important part of the government's financial fix is to give the FDIC a bigger role in insuring bank deposits. Stacey Vanek-Smith reports it's all about restoring confidence in the markets.
Posted In: Economy, Wall Street

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