Marketplace Money for Weekend of July 19-20, 2008
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With the Federal Deposit Insurance Corporation's takeover of IndyMac Bank, we went to its headquarters as depositors waited in line to withdraw their funds. We took some of their questions and posed them to banking consultant Bert Ely.
Some Americans are giving their employers an interest-free loan, whether they know it or not. It's all thanks to the "float" -- the time it takes for 401k contributions to move out of your paycheck and into your retirement account. Rico Gagliano reports.
Tess Vigeland and Chris Farrell take on all sorts of questions from listeners concerned about how their financial holdings might be affected by the nation's volatile banking situation.