Rep. Barney Frank insists banks that receive any of the $700 billion in bailout money use it for lending, not for bonuses or to take over other banks. Washington Bureau Chief John Dimsdale looks into the rules.
With European governments spending billions to bail out banks, investors are buying insurance against countries defaulting. Megan Williams looks into popular doubt that some countries can repay their debt.
Berkshire Hathaway releases its third-quarter profits today, and if they look anything like second-quarter earnings, they'll be dropping. Janet Babin reports why this news might be OK for the average investor.
British bank Barclays said it would get $12 billion from the Middle East, mainly from sovereign wealth funds in Quatar and Abu Dhabi. Stephen Beard reports why the bank would rather go anywhere but the British government.
Analysts are projecting growth of up to 30% for company earnings in the coming quarter. This may seem unlikely given the financial climate, but Ashley Milne-Tyte reports something may be skewing the estimate.
About 20% of American mortgage borrowers are upside-down, meaning they owe more than their homes are now valued. Nancy Marshall Genzer looks at which states are most affected.
The sense of dread in the financial world is no treat, but it'll be a main theme among the tricks played during tomorrow's Halloween festivities. Mitchell Hartman reports on people spooked by the economic crisis who are dressing the part.
Iceland and Hungary have turned to the International Monetary Fund for financial aid. Kai Ryssdal talks with Rhagu Rajan, an economics professor and former IMF chief economist, about the Fund's new, more public role.
DC's Metro transit system could default on a complicated deal and wind up owing foreign bankers $43 million. AIG guaranteed the deal and others like it, leaving at least 31 public services facing defaults too. Steve Henn reports.
In the third quarter, American GDP shrank by 0.3% — less than analysts expected, but it still showed the U.S. economy shrinking. And, as Sarah Gardner reports, the worst may be yet to come.
