Treasury Secretary Henry Paulson said taxpayers get preferred stock and banks get cash infusion when the government purchases the stocks. Washington Bureau Chief John Dimsdale has more.
Governments worldwide are making strides to stop the financial crisis from escalating any further. But money manager Bill Fleckenstein told Bill Radke why he doesn't have much confidence the moves will help.
Why are investors stubbornly resisting efforts to restore faith in the market? Kai Ryssdal turns to Andrew Lo, a professor at MIT's Sloan School of Management, for an answer.
SEC Chairman Christopher Cox has repeatedly sought to plug up "the regulatory black hole" of credit-default swaps, a big issue in the credit crisis. Nancy Marshall Genzer explains.
S&P's warning that it was reviewing General Motors credit rating for a possible downgrade sent the auto maker's shares down 30 percent and helped drag the Dow below 9,000. Steve Henn has more.
Rate cuts. Bailouts. Injections of cash. The Fed has used almost every tool it has to try to restore confidence in the markets and loosen the credit squeeze. To no avail. Ashley Milne-Tyte reports.
The closest parallel to our financial state is perhaps Japan in the early '90s. Its recession is known as the Lost Decade and by many accounts is still going on. Scott Tong reports from Tokyo.
The word "depression" has been on the lips of many politicians, news people and pundits of late. Reporter Nate DiMeo takes a look back into history to see if all this Depression talk makes any sense.
The Treasury Department is considering taking an ownership stake in some banks. Host Kai Ryssdal speaks with Washington Bureau Chief John Dimsdale on how the plan would work.
The World Economic Forum has released a survey rating global banking systems, and Canada has come out on top. Jennifer Collins reports where the U.S. falls on the list — and the U.K. is close behind.
