Last week, Fed Chairman Ben Bernanke said the bailout of Bear Stearns might've set a dangerous precedent. Allan Sloan from Fortune Magazine tells Scott Jagow why he calls the Fed's strategy "play and pray."
So how do prepare your finances for an emergency? Tess Vigeland asked some of the folks she talked to in New Orleans what they learned and what advice they have for you.
Meet Ian McNulty, one of the latest entrants in Hurricane Katrina storytelling. We found him hunched over a beer at a neighborhood bar in New Orleans' Mid-City.
Chris Farrell looks at the opportunity to improve the lives of poor people in New Orleans that appears to have been lost. He says the mortgage crisis might have a silver lining for some: affordable housing.
Ruth Bender remembers how her family was always lending their boat to neighbors when she was growing up in Wisconsin. She turned that memory into a business, renting canoes on the Wisconsin River.
Marketplace Money host Tess Vigeland took a trip to New Orleans recently to see how it's recovering from the devastation of Hurricane Katrina three years ago. She tells Kai Ryssdal about how much reconstruction is yet to be done.
Host Kai Ryssdal goes over the week's big financial stories with stockbroker and business analyst David Johnson in Dallas, Texas. Fannie and Freddie, the Russians and gyrations on the stock market come up.
Recent high school grad Kate Stoeckle and her friend Louisa Strauss made headlines by finding something fishy on their sushi plates. Kai Ryssdal talks to the Manhattan teen.
The CME Group's acquisition of NYMEX is expected to close today. The deal will give CME Group control of 98 percent of all contracts traded on U.S. futures exchanges. Adriene Hill reports why this deal is so big.
