AIG is rumored to report a $60 billion loss, and could turn to the U.S. government for additional bailout funds. Renita Jablonski talks to Breaking Views's Edward Hadas about whether it's a good idea to give AIG more money.
The recession of the 1970's hit New York City hard with rampant crime and a mass residential exodus. But today, the city is in a much better position to keep from a similar downward spiral. Jeremy Hobson reports.
Japanese Prime Minister Taro Aso is visiting the White House today, and Washington is hoping the country of good savers will turn around and start spending some of its rainy day fund. Scott Tong reports.
As the Federal Reserve continues to make emergency loans to help troubled financial systems, some analysts are gawking at its size. Steve Henn juxtaposes the institution with an old state bank from the Soviet Union.
In the 1930's, burlesque shows were a popular, cheap escape for the downtrodden. Online Host Scott Jagow talks to actor George Wendt, who stars in a new musical about a burlesque house, about entertainment's power to lighten your load.
JP Morgan Chase, the second-largest U.S. bank and also one of its healthiest, slashed its dividend and knocked payments down to a nickel. CEO Jamie Dimon called the move a precaution. Dan Grech reports.
The Treasury Department will submit the nation's largest banks to stress tests before they receive more aid as part of its rescue program. But how exactly will these tests work? John Dimsdale explains.
President Obama says taxpayer bucks that will go to the banks must be passed on to businesses or individuals for credit. Commentator Benjamin Barber offers one solution to ensure that we really do see the money: vouchers.
First Hyundai let laid-off consumers give their cars back within a year of purchase. Now Toll Brothers will cover six months of mortgage payments for homeowners who lose their jobs. Who really benefits from these plans? Mitchell Hartman reports.
The U.S. government's possible takeover of troubled banks has prompted concerns about nationalization. Bob Moon talks with analyst Josh Rosner, managing director at financial research firm Graham Fisher, about what nationalization really means.
