Judging from the unemployment figures, the financial crisis is affecting regional economies all over the country. The state of Georgia, in particular, is feeling a lot of the pain. Steve Henn reports.
Bank of America CEO Ken Lewis says he hasn't seen such difficult conditions for banks in his 39 years in the business. Ashley Milne-Tyte reports on what to expect from third-quarter statements next week.
Following this economic crisis is almost like getting a degree in finance. The latest term-of-the-day is "commercial paper." Reporter Jeff Tyler asks an economist to help unravel that one.
Credit is so tight the Fed is now loaning money to businesses in need of short-term cash. Should we be worrying about the Fed's new role as America's ATM? Washington Bureau Chief John Dimsdale reports.
The next stop on our Road to Ruin is Lincoln, Nebraska, where Marketplace Money host Tess Vigeland Marketplace Money had dinner and a spirited economic discussion with three generations of the Landis-McKibbin family.
The Fed is reportedly considering pumping money into the commercial paper market to further contain the financial crisis. Jeremy Hobson explains how it would work — and that time may be running out for the idea.
Later today, three former executives from AIG will testify on Capitol Hill about their company's near collapse. Steve Henn tells the story of how AIG incurred billions of dollars in losses — and where they are now.
Fifteen European finance ministers met yesterday to discuss the financial crisis and 27 will meet today in Luxembourg. But Stephen Beard reports it's unlikely the group will be able to agree on a resolution.
Coldwell Banker Real Estate is planning to slash home prices up to 10% across the nation, based on agreements with home sellers, to try to boost slumping sales. Janet Babin has more.
