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Oct 3, 2008

Marketplace Report for Friday, October 3, 2008

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Marketplace Report for Friday, October 3, 2008

Segments From this episode

What's next for the bailout plan?

Oct 3, 2008
With the financial bailout plan approved, Treasury Secretary Henry Paulson wants the operation set up within weeks to instill confidence in the markets. Washington Bureau Chief John Dimsdale looks into what that entails.

Suitors joust to rescue Wachovia

Oct 3, 2008
Wachovia has billions of dollars in toxic mortgage debt, which Wells Fargo wants to buy. But Citigroup says it's got first dibs, and Warren Buffett is in on the action too. Janet Babin sorts it out.

This week: Adventures of a bailout plan

Oct 3, 2008
The Senate tinkered with the bailout plan, then passed it. And, lo and behold, the House passed it too. Meanwhile, the Dow took a dizzying fall. Kai Ryssdal takes a look at a week that could best be summed up as a real doozy.

Bailout anger cooling among Americans

Oct 3, 2008
Marketplace Money Host Tess Vigeland and New York City Bureau Chief Amy Scott give Kai Ryssdal an update from their cross-country trips to see how Americans are doing in our "Road to Ruin?" series.

Financial Crisis 101: CDOs explained

Oct 3, 2008
Investment instruments known as collateralized debt obligations are partially to blame for the mortgage crisis. They're complicated and hard to explain, but Rico Gagliano gives it a try with help from Marketplace Senior Editor Paddy Hirsch.

Pelosi: Bailout bill just the beginning

Oct 3, 2008
Kai Ryssdal talks with House Speaker Nancy Pelosi about passage of the bailout bill. The congresswoman says plans are in the works to establish regulatory policies and other reforms.

Music from the episode

Eyes Of Mermaide The Black Hollies