12/02/08
Marketplace Report for Tuesday, December 2, 2008
Episode Description:
Marketplace Report for Tuesday, December 2, 2008
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3
Recession is latecomer to Minn. suburb
Edina, Minn., a wealthy, mostly white-collar suburb of Minneapolis, has not seen the upheavals of the economic crisis that have hit other cities -- yet. Annie Baxter reports.
0
Helping homeowners stretched too far
What's it like for consumers who are trying to get out from under mortgages they can't afford? Kai Ryssdal finds out from Fred Glick of U.S. Loans Mortgage in Philadelphia.
1
How the ascent of money led to crisis
Niall Ferguson, author of "Ascent of Money," talks with Kai Ryssdal about how competition between banks and their drive to boost share prices has led to today's financial mess.
3
New wave of delinquencies on the way
A new forecast sees delinquent mortgages nearly doubling by the end of next year. Homeowners with adjustable-rate mortgages, in particular, are in danger of getting squeezed. Jeff Tyler reports.
1
Last round of pleas from the Big 3
The Big Three automakers return to Congress this week to present improvements they'll make if they get bailouts. Kai Ryssdal asks industry analyst Eric Noble if smaller business models, green technology and executive pay cuts are enough.
0
When Fed rate hits zero, what's next?
If the Federal Reserve lowers its interest rate to zero -- and there have been indications that might happen -- it can't go any lower. So, what's left? Nancy Marshall Genzer reports.
0
Now Goldman Sachs could post loss
Goldman Sachs seems to have avoided the financial crises of its Wall Street rivals so far, but it's expected to post its first quarterly loss in almost a decade. Alisa Roth reports.
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