Oct 20, 2008

Marketplace Morning Report for Monday, October 20, 2008

Segments From this episode

The bailout is not the end of capitalism

by Renita Jablonski

Oct 20, 2008

Americans are trying to wrap their heads around the government pouring billions of dollars into U.S. banks. Fortune Magazine's Allan Sloan told Renita Jablonski that it doesn't mean an end to the capitalist system.

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Fallout: The Financial Crisis

Things getting brighter for B of A

by Janet Babin

Oct 20, 2008

Bank of America reported bleak results a few weeks ago, but the government rescue plan can mean good things for the bank's future. Janet Babin reports why B of A may be a safer investment now despite its current trauma.

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Fallout: The Financial Crisis

A bailout plan for South Korea

by Scott Tong

Oct 20, 2008

South Korea initiated its own multibillion-dollar rescue package for its banking system today. The problem: leaning too much on U.S. credit. Scott Tong looks deeper into Seoul's new loan guarantees.

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Bank bailout also curbs CEO pay

by Rachel Dornhelm

Oct 20, 2008

When Congress passed its bailout package, it also limited the pay for CEOs of the financial firms being rescued. And Rachel Dornhelm reports the guidelines could affect CEO compensation in all industries.

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Fallout: The Financial Crisis

Dutch government to rescue ING

by Stephen Beard

Oct 20, 2008

The Dutch government announced it will be buying a $13 billion stake into ING and will also take seats on the bank's supervisory board. Stephen Beard reports why the move has astounded analysts.

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Fallout: The Financial Crisis

Congress meets with banking industry

by Steve Henn

Oct 20, 2008

Congress is holding hearings this week on the U.S. banking industry. Steve Henn reports while many members of Congress would like to be back home campaigning, they want to come up with a post-election plan.

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French bank CEO risks millions

by Megan Williams

Oct 20, 2008

A year after a rogue trader took a major bank for millions, another French financial institution is suffering from one big risk-taker. Megan Williams reports on Caisse d'Epargne's case -- and France's upcoming bank audit.

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Fallout: The Financial Crisis

Looking into credit default swaps

by Dan Grech

Oct 20, 2008

Two rival government agencies are reportedly teaming up to investigate trading in credit default swaps. At issue is whether traders manipulated this unregulated market to drive down stock prices. Dan Grech reports.