With a bailout in place, is liquidity finally going to come open in the markets? Renita Jablonski asks Mike Moran, chief economist at Daiwa Securities America, and poses other potential bailout challenges.
It's been a heck of a week, hasn't it? The deal was on. Then it was off. The economy was collapsing — but not yet, it seems. Kai Ryssdal talks with Katie Benner of Fortune magazine and David Leonhardt of The New York Times about all that's happened.
Federal regulators have taken control of Washington Mutual and promptly sold its biggest parts to JP Morgan, making JP Morgan even bigger. Too big to fail ring a bell here, anyone? Nancy Marshall Genzer reports.
The bailout bill deal that pretty much everbody thought we had at the end of the business day on Thursday came undone later in the evening. Marketplace's John Dimsdale explains what happened and where things stand right now.
Whenever a big package makes its way through Congress, it inevitably gets bigger. Items get added. New proposals are proposed. And while the stakes may be higher with the financial bailout proposal, this time's no different. Bob Moon reports.
President Bush said today that lawmakers agree that "something substantial" needs to be done to fix the financial markets. But first, those lawmakers have to agree as to what that "something substantial" is. Jeremy Hobson has the latest.
The president told the American people today that the legislative process "is sometimes not very pretty." No kidding. Republicans and Democrats remain divided on the bailout plan. Jeremy Hobson fills us in.
While lawmakers hash it out on Capitol Hill, European Central Banks and the U.S. Federal Reserve are pumping billions into financial markets. Stephen Beard has more.
Democratic Representative John Spratt tells host Stacey Vanek-Smith that the parties in Congress need to come to an agreement on a rescue measure, because, while unpleasant, it's a necessity.
Washington Mutual succumbed to the mortgage crisis and was taken over by the FDIC, then quickly sold to JP Morgan. It was the largest bank takeover in U.S. history. Stacey Vanek-Smith asks Tess Vigeland for what this means.
