10/01/08
Marketplace Morning Report for Wednesday, October 1, 2008
Episode Description:
Marketplace Morning Report for Wednesday, October 1, 2008
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2
Home equity isn't what it used to be
Many homeowners who have been using home equity to fulfill basic needs are running into trouble as banks freeze lines of credit. Stacey Vanek-Smith talks to people who had equity lines now troubled by the credit crunch.
2
Irish bank move upsets British bankers
British bankers are upset over an emergency move by the Irish government to guarantee 100% of all Irish deposits. As a result, Brits have been pouring money into Irish accounts. Stephen Beard reports.
4
Boomers may be going bust
From layoff risks to shrinking house and 401(k) values, older workers may be headed for the most trouble in the financial crisis. Commentator Robert Reich says bailout or no bailout, baby boomers should watch out.
16
New provisions for Senate rescue bill
The Senate will vote on a new financial rescue package tonight with new provisions to pick up House votes. Scott Jagow talks to Steve Henn in Washington about what's new in the bill and how these additions could backfire.
8
A primer on the financial crisis
Headlines have been trumpeting news of a financial crisis for weeks, but the situation isn't the easiest to understand. Scott Jagow gets a primer from consultant Peter Cohan, who explains the credit market trauma.
0
Loans won't make cars go faster
President Bush is set to sign a bill authorizing $25 billion in loans to American automakers to help Detroit make more fuel-efficient cars. But Sarah Gardner reports it'll be awhile before we see those cars rev up.
0
Start-ups are slowing down
A new report says these days we're seeing fewer start-ups go public. Mitchell Hartman looks into what's causing the lack of willing venture capitalists and why they're not backing up IPOs.
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