Playlist: Dexia's domino effect, and planned layoff numbers rise
Posted by Mary Dooe
For Marketplace Morning Report, Wed., Oct. 5, 2011
Has the European debt crisis turned into a banking crisis? The U.S. Justice Department and New York's attorney general's office are suing Bank of New York Mellon, charging the bank cheated pension funds for a decade and made off with more than $2 billion. The number of planned layoffs at U.S. firms in September jumped to its highest in more than two years due to heavy cutbacks by the military and Bank of America. Private sector employers added 91,000 jobs in September. And lawmakers from Georgia are planning to introduce a bill today in Congress that would help struggling homeowners make their mortgage payments with money from their retirement savings.
And here are the songs we played today: