Marketplace Morning Report for Monday, December 22, 2008

Episode Description 
Marketplace Morning Report for Monday, December 22, 2008

Oatmeal: It's what's for breakfast

A number of fast-food chains have recently added oatmeal to the menu. The breakfast staple is a cheaper alternative to the three-egg omelette, and a favorite of Marketplace's Mitchell Hartman, who found a good oatmeal in Portland.
Posted In: Food

Irish government begins bank bailout

The Irish government has begun a bailout of its banking system by injecting over $7 billion into the top three banks. Of course, there are strings attached. Stephen Beard reports what will be required in return.
Posted In: Investing

Mortgage renegotiations: Do they work?

Mortgage statistics come out this morning that include numbers of homeowners renegotiating their mortgages. But are the loan modifications effective? Dan Grech reports why these loans have been criticized for not working.
Posted In: Housing

Real Santas keep the beard year-round

For some professional Santas, authenticity is key. That's why they maintain their character even in the offseason -- from the white beard to the jolly belly. Monica Brady-Myerov asked some real Santas what motivates them.

What can the Fed possibly do now?

With the Fed interest rate nearly at zero, what else can it do to turn around the economy? Scott Jagow talks to Fortune Magazine's Allan Sloan, who explains how Ben Bernanke got the nickname "Helicopter Ben."

Developers must meet debts by 2011

Property developers have mortgage debt scheduled for refinancing due by 2011 -- about $530 billion. Because of the credit crunch, developers will likely have trouble coming up with the money. Nancy Marshall Genzer reports
Posted In: Housing

Annual reserves report could lower oil

Energy companies are annually required to report the size of their reserves by year's end to determine what is economically feasible. This process could make oil prices drop even further. Sam Eaton reports.
Posted In: Oil