Marketplace for Thursday, September 24, 2009

Episode Description 
Marketplace for Thursday, September 24, 2009

The mortgage-modification scam

Dubious mortgage-modification firms like 21st Century Legal Services help homeowners renegotiate their mortgages, but only in exchange for big upfront fees. Steve Henn reports on how these companies rip off desperate homeowners, then disappear.
Posted In: Housing

Where are Fannie, Freddie after bailout

NYU Professor Lawrence J. White talks with Kai Ryssdal about the bailout of Fannie Mae and Freddie Mac, why the government plunged so much money into them, and how it can unwind from the mortgage giants.
Posted In: Housing

Reform won't change Wall Street pay

Lawmakers may try to regulate Wall Street compensation, but commentator Andy Kessler says no amount of meddling is going to fix the pay scales.
Posted In: Wall Street

Goldman Sachs in tough spot over pay

Goldman Sachs CEO Lloyd Blankfein recently denounced huge Wall Street bonuses. But there are reports the bank's own bonus pool has ballooned to near record levels this year. Amy Scott reports.
Posted In: Wall Street

Retail holiday sales may suffer, but...

Retail analysts say stores could suffer the worst holiday sales in decades this year. But things may not be as bad as they look. Joel Rose reports.
Posted In: Retail

Plenty of banks are still too big to fail

Many banks remain too big to fail, and some are even bigger than they were before. Jeremy Hobson reports.

The G-20's global economic plan

Steven Dunaway, fellow at the Council on Foreign Relations, talks with Kai Ryssdal about the G-20's plans to rebalance global economic growth, and what happens if nothing is done.

Music from this show

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Here To Fall
Yo La Tengo
Orpheum Leitmotif
Driving With Bert
Neil Halstead

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