It was a wild week for bank stocks as rumors of nationalizations, bailouts and massive losses created a roller-coaster for investors. Steve Henn reports on what this might mean for you.
A dirty word that is slowly creeping into financial crisis dialogue: Depression. What's the difference between a recession and a depression? Tess Vigeland talks to professor Robert Reich about whether we're really in one.
The FDIC is raising its rates to compensate for the slumping bank sector. The insurance corporation has shut down 14 banks this year and sold what's left to healthier financial institutions. Mitchell Hartman reports.
News about the banks generated a lot of talk this week. Kai Ryssdal speaks with Fortune Magazine's Leigh Gallagher and Clusterstock.com's John Carney about what's next for the banking sector.
The Treasury Department will become Citigroup's biggest single shareholder. But will this move be the last for the struggling financial giant? Ashley Milne-Tyte reports.
The GDP shrinkage was worse than expected. With the U.S. economy plummeting, Kai Ryssdal speaks with economist Barry Bosworth about what might happen if we don't see the economic growth the White House is banking on.
Gross Domestic Product shrank 6.2% in the fourth quarter of 2008, much worse than the 3.8% the Commerce Department had predicted just a month ago. How did the government get it so wrong? Steve Henn reports.
Citigroup says this morning, it reached a deal that gives U.S. taxpayers 36 percent stake in the bank. Bill Radke goes deeper into the deal with Marketplace's Dan Grech, who explains why the administration moved forward with the plan.
AIG is selling off parts to recover from its losses, including its Asian life insurance division, which grows by 20 percent every year. Scott Tong reports why AIG needs to sell even a profitable wing.
Fannie Mae reported yesterday it lost nearly $60 billion last year. Now, the government-backed mortgage company is tapping its federal line of credit. Dan Grech reports how much the company will need to stay afloat.
