Talk about the Federal Reserve creating a "bad bank" to buy toxic assets from financial institutions has been floating around. Kai Ryssdal discusses with FDIC Chairwoman Sheila Bair how the plan would work.
Treasury Secretary Timothy Geithner says he hopes private investors will help the government buy troubled assets from banks. But are investors on board? Steve Henn reports.
Some banks are wary of the regulatory strings attached to bailout funds, so they're lining up to give their money back to the government. Jeremy Hobson reports.
A recent open house at a popular LA hair transplant clinic was packed with men. But LA Times business columnist David Lazarus told Bill Radke the rise in demand is less for vanity and more to maintain a competitive edge in the job market.
The Bank of England will be generating more than $100 billion to buy long-term government bonds from commercial banks in hopes to get them lending. This "nuclear option" has never been tried in the U.K. or U.S. before. Stephen Beard reports.
The Senate approved a government spending bill yesterday with a $410 billion budget. But Republicans and some Democrats complain the bill is overflowing with funding for special projects. Ashley Milne-Tyte reports.
Kai Ryssdal speaks with China correspondent Scott Tong about how the Chinese are reacting to bailout plans and when the country can expect its economy to turn around.
Citigroup CEO Vikram Pandit says the bank is having its best quarter since 2007 and is in better financial shape than its stock price suggests. But what about all those troubled assets it keeps marking down? Jeremy Hobson reports.
