Marketplace Report for Thursday, October 23, 2008

Episode Description 
Marketplace Report for Thursday, October 23, 2008

Obama's ready for prime time

Barack Obama will run half-hour prime time ads on national networks next week. The payoff: Reaching 20 million Americans right before the election. The cost: about $3 million. But, Steve Henn reports, it's not like he's short on cash.

Stupid decisions that sink businesses

If recent business disasters prove anything, it's that some people never learn. Kai Ryssdal talks with the authors of "Billion Dollar Lessons," a book on how the same mistakes caused 750 companies to fail.
Posted In: Economy

Old mortgage practice has merit

The plan to help homeowners facing foreclosure will cost $40 billion, and the money would come from the original pool of bailout money. But commentator Andrew Caplin resurrects an old idea that doesn't involve all that cash.
Posted In: Economy, Housing

Ca-ching goes the Federal Reserve

The Federal Reserve has bailed out Fannie Mae, Freddie Mac, Bear Stearns, Lehman Brothers. And there's more to come. The total is estimated at $1.4 trillion. Wondering where that money comes from? Rico Gagliano finds out.
Posted In: Economy, Wall Street

The sky didn't fall on Lehman swaps

Hundreds of billions in losses were expected from Lehman Brothers' credit default mess. But the reality wasn't so disastrous after all -- more like $5 billion. New York City Bureau Chief Amy Scott reports.
Posted In: Economy, Wall Street

Will GM benefit cuts become a trend?

GM is suspending its contributions to employee 401k's, a rare step that affects thousands of GM workers. Will other companies follow suit as they struggle to cut costs? Jeremy Hobson has the story.
Posted In: Economy, Jobs, Wall Street

Alan Greenspan's 'shocked disbelief'

Former Fed Chairman Alan Greenspan told Congress he's "shocked" at the financial meltdown. He did concede his belief in deregulation was flawed, but Nancy Marshall Genzer asks, did Greenspan really not see this coming?
Posted In: Economy, Wall Street

Hope at last for struggling homeowners

The government's financial bailout team is turning its attention to helping struggling homeowners avoid foreclosure -- finally, some would say. Washington Bureau Chief John Dimsdale has details.
Posted In: Economy, Housing

Music from this show

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Car Alarm
The Sea and Cake
Because Of The Times
Kings Of Leon

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