Words like "austerity," "sequestration" and "equity" are commonly used in news stories everywhere these days, but do you know what they mean? Senior producer Paddy Hirsch explains their actual definitions.
A bank run occurs when customers run down to the bank and demand their money back. So, why can't the bank just return the cash? Sr. Producer Paddy Hirsch explains using a human heart analogy.
Seventeen banks have failed so far this year, but their customers can rest easy — thanks to the Federal Deposit Insurance Corporation, as Sr. Producer Paddy Hirsch explains.
