Early last year, the Pension Benefit Guarantee Corporation had more than $68 billion invested — but began to chip away at that with risky investments. Steve Henn reports Congress will be looking into it.
Asian leaders gathered with their European counterparts in Beijing to see what could be done to get out of a global tailspin. Scott Tong reports there are two competing world views on the world financial system.
If recent business disasters prove anything, it's that some people never learn. Kai Ryssdal talks with the authors of "Billion Dollar Lessons," a book on how the same mistakes caused 750 companies to fail.
The plan to help homeowners facing foreclosure will cost $40 billion, and the money would come from the original pool of bailout money. But commentator Andrew Caplin resurrects an old idea that doesn't involve all that cash.
The Federal Reserve has bailed out Fannie Mae, Freddie Mac, Bear Stearns, Lehman Brothers. And there's more to come. The total is estimated at $1.4 trillion. Wondering where that money comes from? Rico Gagliano finds out.
Hundreds of billions in losses were expected from Lehman Brothers' credit default mess. But the reality wasn't so disastrous after all — more like $5 billion. New York City Bureau Chief Amy Scott reports.
GM is suspending its contributions to employee 401k's, a rare step that affects thousands of GM workers. Will other companies follow suit as they struggle to cut costs? Jeremy Hobson has the story.
Former Fed Chairman Alan Greenspan told Congress he's "shocked" at the financial meltdown. He did concede his belief in deregulation was flawed, but Nancy Marshall Genzer asks, did Greenspan really not see this coming?
The government's financial bailout team is turning its attention to helping struggling homeowners avoid foreclosure — finally, some would say. Washington Bureau Chief John Dimsdale has details.
FDIC chair Sheila Bair is speaking to the Senate Banking Committee today on a plan to encourage banks to keep troubled homeowners in their homes. But Dan Grech reports why renegotiating mortgage terms is difficult.
