Marketplace for Tuesday, September 30, 2008

Episode Description 
Marketplace for Tuesday, September 30, 2008

Oil co. collapse ripples through industry

When oil seller SemGroup filed for bankruptcy, it pulled thousands of oilmen down with it, demonstrating how the failure of one big company can be felt across an industry. Laurie Burkitt reports.

Blame both parties for bailout failure

Democrats and Republicans are still squabbling over who deserves the blame for the bailout plan's failure in the House. But commentator and economist Justin Wolfers says politicians from both parties took their eyes off the ball.

Letters

Host Kai Ryssdal reviews letters from our listeners reacting to the bailout plan and what they thought was missing from it.

Searching for stability outside New York

As Washington struggles to restore a sense of calm, financial markets are keeping their eyes peeled for an alternative to Wall Street. Marketplace European Bureau Chief Stephen Beard reports.

In banking, is bigger always better?

Wachovia, WaMu and Merrill Lynch have all been bought up by other banks, meaning there's now a lot more money in a lot fewer hands. Marketplace's Jeremy Hobson reports.
Posted In: Mergers and Acquisitions

The tools of the trade

Without the bailout plan, regulators have to use their usual methods to manage the markets. What tools are in their belt now? Marketplace Washington Bureau Chief John Dimsdale reports.
Posted In: Economy

FDIC hopes to raise deposit limits

The FDIC is asking for the authority to raise the cap on the deposits it insures, a move that seems to have the support of both presidential candidates. Marketplace's Nancy Marshall Genzer reports.
Posted In: Investing, Savings

Interbank lending rates spike

As the markets work to sort themselves out in the wake of the bailout plan's demise, the rates banks charge each other to borrow have risen to an all-time high. Marketplace Senior Business Correspondent Bob Moon reports.
Posted In: Savings

Music from this show

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Daydream Nation
Unsound Vol. 1 [Explicit]
Various artists
More Moondog / The Story of Moondog
Travel-Log

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