The city of Stockton, Calif. has been hit hard by the financial crisis. With the city on the verge of bankruptcy, residents share what it's like when your town is teetering on the brink.

Connecticut contractor Peter Schneider is surviving the recession thanks to his hard-won skills, hard-working attitude, and a little bit of luck.

One of the first places to be hit hard by the 2008 financial crisis was Iceland. The country's three main banks collapsed, ushering in hard times for the island nation, and sending monetary shockwaves across Europe.

The government is expected to file criminal charges today against two former traders at the investment bank Credit Suisse for allegedly misstating the value of mortgage bonds back in 2008.