Fallout: The Financial Crisis

Lehman has failed, Merrill Lynch is now the property of BofA and Wall Street is abuzz over what's next. Stacey Vanek Smith asks with the head of an investment firm, just how serious is this?

Presidential candidates Barack Obama and John McCain say they'll reform the federal government's $150 billion student financial aid program. Commentator Kim Clark says that's great, but it's going to come with political costs.

In a few days, Lehman Brothers will still be a going concern or it won't. It's a turn of events that didn't seem likely on Monday when the news was all about Fannie and Freddie. Amy Scott's been following developments this week. She talks with Kai Ryssdal.

Treasury Secretary Henry Paulson hasn't said anything in public yet about rescuing Lehman Brothers from its credit crisis calamity. We asked Jeremy Hobson to find out why not.

Word today that U.S. Treasury Secretary Henry Paulson opposes using any federal money to resolve the crisis at Lehman Brothers, was followed with word that the bank itself is for sale. Janet Babin reports.

In the past decade, European companies have been on a borrowing spree that is now coming back to haunt them. Megan Williams reports that those companies are in worse shape than companies here.

The federal government's takeover of Fannie Mae and Freddie Mac has led to a drop in mortgage rates, making it a lot more attractive to buy a house or refinance the one you have. Dan Grech reports.

A subsidiary of Warren Buffett's Berkshire Hathaway group is going to stop insuring bank deposits over $100,000. Does this mean Buffett is worried about future bank failures? Nancy Marshall Genzer reports.