Marketplace Money for September 21, 2007
Posted In: Economy, Housing
This week the Treasury secretary suggested raising the cap on the size of mortgages Fannie Mae and Freddie Mac can buy up from banks and other lenders. The Bush administration has opposed that move. Nick Retsinas, who teaches housing economics at Harvard, explains.
Chris Farrell says a congressman's proposal to set up government-sponsored personal investment accounts for every American is a great idea.
Meet Mike Powell, a fire behavior analyst. It's his job to predict how wildfires will burn. We found him sizing up a blaze in Idaho.
Trash Vigeland ... Mess Vigeland ... Bag Lady. The name calling began last weekend when Tess started two weeks of carrying around her trash 24-7 to get an idea of how much she sends to the landfill. Here's her update -- and her challenge to you.
Posted In: Economy, Housing, Investing, Wall Street
The Fed and it's Chairman Ben Bernanke showed Wall Street some love by cutting the key federal funds rate by a half a percentage point. Tess Vigeland talks with Peter Morici about what the rate cut may mean to the average consumer.