Segments From this episode
At one point, those who worked at Wall Street weren't considered top-tier class. But according to author Calvin Trillin's latest column in the New York Times, the high cash lured in smarter people. Kai Ryssdal talks to Trillin about what that means.
When the Fed bought trillions of dollars worth of assets and debt from struggling banks, it never divulged where the money went. Next week, the House Financial Services Committee will vote on whether to change that. John Dimsdale reports.
Obama administration officials are talking about the importance of a strong greenback. But people in the currency markets say it's pretty obvious the White House is saying one thing while doing another. Bob Moon reports.
There were some meaningful numbers in the news this week beyond the Dow's 10,000 mark. Kai Ryssdal looks into Wall Street profits and losses with Felix Salmon from Reuters and business writer Heidi Moore.
Although much attention has been given to the CEO of Bank of America having his salary and bonus revoked, the real news is the bank's billions of dollars in losses. Yet, while the situation looks bleak, it could be a lot worse. Alisa Roth reports.
Marketplace for Friday, October 16, 2009