Dec 23, 2008

Marketplace Morning Report for Tuesday, December 23, 2008

Segments From this episode

IndyMac backdating helped downfall

by Steve Henn

Dec 23, 2008

The FDIC takeover of failing bank IndyMac in July cost several billion dollars. But the maneuver may have been avoided if not for a cover-up that allowed the bank to continue operating while nearly out of money. Steve Henn reports.

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Fallout: The Financial Crisis

Bailout could help stem foreclosures

by Nancy Marshall-Genzer

Dec 23, 2008

Representative Barney Frank is drafting new legislation to help stem home foreclosures and reduce mortgage rates. The plan would use some bailout money and ideas from FDIC chair Sheila Bair. Nancy Marshall Genzer reports.

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Fallout: The Financial Crisis

Living through the layoff and holiday

by Jill Barshay

Dec 23, 2008

Marketing executive Christine Elbert's morning routine has changed pretty significantly since she was laid off, but she's weathering the storm and enjoying the holiday with her family. Jill Barshay has her story.

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UAW unsettled with auto bailout deal

by Steve Henn

Dec 23, 2008

With a $17 billion loan package for General Motors and Chrysler come strings attached involving wages. But the United Auto Workers union isn't entirely satisfied, which could make negotiations ahead rocky. Steve Henn reports.

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Fallout: The Financial Crisis

Not a banner year for mergers

by Stephen Beard

Dec 23, 2008

The credit crisis foiled about 1,300 mergers this year, worth a total of about $900 billion. Investment bankers were hurt by the failed deals, but Stephen Beard reports this could help them get a strong leg up for 2009.

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It's cheaper if it was taken into custody

by Marketplace Staff

Dec 23, 2008

Your local police department has to do something with all that confiscated evidence and those stolen goods that go without a claim. Why not benefit? Cash Peters visited the people at PropertyRoom.com, a police auction Web site.

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Fewer greetings for the holidays

by Bob Moon

Dec 23, 2008

To cut back on holiday spending, some people aren't even splurging for "season's greetings" cards this year. But Bob Moon reports a good percentage of people will likely continue to buy cards -- especially in the corporate world.

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When athletes must part with the prize

by Dan Grech

Dec 23, 2008

Sometimes paying the bills means parting with something valuable. For professional athletes, that could mean pawning that hard-earned -- but quite bedazzled -- championship ring. Dan Grech reports what's for sale.

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Fallout: The Financial Crisis

Next quarter won't be like this one

by Nancy Marshall-Genzer

Dec 23, 2008

The U.S. economy was not horrific in the third quarter, but this quarter and the next could be trouble. Nancy Marshall Genzer reports the biggest culprit in the third quarter was consumers.