Marketplace for Thursday, Dec. 18, 2008
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Segments From this episode
As President-elect Obama's nominee to lead the SEC, Mary Schapiro will be confronted with a slew of problems. The agency that's supposed to police Wall Street increasingly finds itself derided as Keystone Cops. Steve Henn reports.
It's bonus season on Wall Street. But this year investment firms are reducing bonuses for most employees. Why is anyone on Wall Street getting a bonus at all? Jeremy Hobson reports.
Federal regulators have approved new rules to protect consumers from surprise interest rate hikes and fees on their credit cards. But banks say the rules will hurt card holders, whether they have good credit or bad. Nancy Marshall Genzer reports.
Sports have been generally immune from economic downturns. But not this time. Major leagues such as the NFL and NBA have had layoffs. And the situation is worse for lower-level sports. Business Week Sports Editor Mark Hyman gives Tess Vigeland the play-by-play.