Steve Henn

Latest from Steve Henn

Dec 23, 2008
IndyMac backdating helped downfall
The FDIC takeover of failing bank IndyMac in July cost several billion dollars. But the maneuver may have been avoided if not for a cover-up that allowed the bank to continue operating while nearly out of money. Steve Henn reports.
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Dec 23, 2008
Fed’s spending is risky business
It's been more than a year since the Fed started auctioning emergency loans. Since then, the Fed has lent out trillions of dollars to big businesses, relaxing standards for the collateral it accepts along the way. As Steve Henn reports, the Fed has taken on unprecedented risks.
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Dec 19, 2008
Schapiro faces huge job in reviving SEC
As President-elect Obama's nominee to lead the SEC, Mary Schapiro will be confronted with a slew of problems. The agency that's supposed to police Wall Street increasingly finds itself derided as Keystone Cops. Steve Henn reports.
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Dec 18, 2008
How did SEC miss $50 billion fraud?
Bernard Madoff's alleged Ponzi scheme is just the latest high profile mistake made by the SEC. Chairman Christopher Cox has launched an internal probe, and there are many more investigations to come. Steve Henn reports.
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Dec 11, 2008
Fed considers issuing debt of its own
Even though the Federal Reserve can print pretty much all the cash it needs, it's now considering borrowing money by selling bonds. Steve Henn reports.
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Dec 5, 2008
Treasury may try mortgage rate cut
Treasury Secretary Paulson is said to be considering a plan to use Fannie Mae and Freddie Mac to push down mortgage rates for new home purchases to as low as 4.5%. Marketplace's Steve Henn reports.
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Dec 4, 2008
A Frank approach to financial regulation
Congressman Barney Frank will give a speech today about re-regulating the financial system, which the House Financial Services Committee will take up next month. Frank is hoping for an overhaul by summer. Steve Henn reports.
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Dec 4, 2008
Housing slump hindering relocation
Finding a job in another city helps broaden horizons for many people looking for work. But people are more reluctant to relocate these days on fears that they won't be able to sell the house. Steve Henn reports.
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Dec 2, 2008
Local leaders need money for projects
Local leaders are hoping President-elect Obama's financial plans include money for new construction projects. But many local governments are being forced to trim spending. Steve Henn reports.
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Nov 27, 2008
Durable goods a stand-out drop
Durable goods orders fell 6.2 percent in October, a number that's been falling for three straight months. Consumer spending also experienced its biggest monthly drop in seven years. Steve Henn reports.
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Steve Henn

Latest from Steve Henn