AIG is collecting $30 billion more from the government to add to its hefty $150 billion tab. And the insurance giant reported losing nearly $62 billion in the fourth quarter. Why is it losing so much money? Steve Henn reports.
It was a wild week for bank stocks as rumors of nationalizations, bailouts and massive losses created a roller-coaster for investors. Steve Henn reports on what this might mean for you.
Gross Domestic Product shrank 6.2% in the fourth quarter of 2008, much worse than the 3.8% the Commerce Department had predicted just a month ago. How did the government get it so wrong? Steve Henn reports.
President Obama wants to clean up the regulation of banks. As Steve Henn reports, the president might want to start out by streamlining the entire system.
Struggling insurance giant AIG is seeking more help from the government as it prepares to reveal a fourth-quarter loss of $60 billion. But what happened to the $150 billion in bailout money it already received? Steve Henn reports.
As the Federal Reserve continues to make emergency loans to help troubled financial systems, some analysts are gawking at its size. Steve Henn juxtaposes the institution with an old state bank from the Soviet Union.
The Screen Actors Guild began talks over the weekend on a new labor contract for TV and movies. But some critics say the union is hobbled. Steve Henn reviews what may be hurting SAG and where there's competition.
Services for homeless veterans have improved over the last decade, but the stagnating economy and job losses have created a rise in needy vets. Steve Henn explores the issues vets may have upon return from duty.
When regulators take a look at the banks' books, they might be in for a surprise. The 38 banks the FDIC has taken over in the past two years have overstated their assets by more than $20 billion. Steve Henn reports.
