The New York attorney general is releasing testimony today from Bank of America CEO Ken Lewis, which indicates he was told not to reveal Merrill Lynch's financial problems before the bank acquired it. Ashley Milne-Tyte reports.
The World Bank has cautioned the public to not forget about the poorest countries in this downturn. Kai Ryssdal speaks with World Bank President Robert Zoellick about how developing nations are being affected by the recession and what can be done.
President Obama is preparing to meet with credit card firms to discuss the fees and restrictions they slap on users — which aren't helping with delinquencies. Stacey Vanek-Smith reports.
Treasury Secretary Timothy Geithner says the U.S. is largely to blame for the world's financial crisis. Steve Henn reports that the U.S. still needs the world's help to clean up the mess.
A congressional committee is discussing criteria to use in determining if a financial institution is too big to fail. Duke law professor Zephyr Teachout talks to Bob Moon about whether antitrust laws can be used to break up the financials.
Watchdogs for the bank bailout program have launched 20 criminal investigations into potential fraud. The public-private toxic buy-up plan could also be prone to fraud and abuse. Steve Henn reports.
Treasury Secy. Geithner says the federal bailout fund has enough money to cover troubled banks' capital demands. But some regional banks are reporting worse-than-expected earnings. Will they need more help? John Dimsdale reports.
A report says the Treasury needs to do a better job of tracking how banks are using bailout money. Treasury Secretary Tim Geithner will face that and other criticism before Congress this morning. Ashley Milne-Tyte reports.
Pulitzer Prizes for journalism are typically awarded for in-depth, investigative stories that cost a lot to produce. With newspapers struggling to survive, is the price to win too high? Jeremy Hobson reports.
