Marketplace for Friday, March 7, 2008
Posted In: Housing
Chief executives from three top mortgage lenders hit by the subprime mortgage crisis went before a congressional panel to answer lawmakers' questions on how they were able to earn hundreds of millions of dollars while their companies were bleeding money. John Dimsdale reports.
With the battle for delegates in the Democratic presidential race extremely close, some in the party are hoping to redo the Michigan and Florida primaries that were disallowed. But at a cost of about $10 million apiece, who would pay for them? Jeremy Hobson reports.
Posted In: Economy, Jobs
Employers cut more than 63,000 jobs in February -- the largest number in five years, according to the Labor Department. How long might job losses continue? As long as it takes to settle up with years of overextended growth. Alisa Roth reports