Marketplace for Thursday, Jan. 24, 2008
With the number of homeless in America rising, Washington has devised a program called Housing First to get people off the streets. Commentator Brendan Koerner says that while the program is based on a tried and true business strategy, the money could be better spent.
Home sales usually pick up in January. But not this year. The credit squeeze has made home loans harder to come by. So sellers are thinking twice before they put their places up for sale. Sally Herships met one couple who are trying to decide.
Posted In: Economy, Wall Street
New York's insurance regulator says investment banks may have to pony up as much as $15 billion to bail out their insurance companies. Why? Kai Ryssdal turns to Marilyn Cohen of Envision Capital Management to get a bond-insurance primer.
Posted In: Economy
Americans can expect a hefty tax refund from the I.R.S. this spring, and homebuyers will have an easier time getting home loans if a proposed economic stimulus plan agreed to by the Bush administration and House Democrats is enacted. Stacey Vanek-Smith reports.