Dec 22, 2009

Marketplace for Tuesday, December 22, 2009

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Segments From this episode

Small banks have difficulty lending too

Dec 22, 2009
President Obama has told the heads of some of the nation's smaller banks that he wants the same thing from them that he wants from large banks -- more lending. The smaller banks claim that's easier said than done. Jeremy Hobson reports.

New cyber czar has tough job ahead

Dec 22, 2009
The White House has announced that Howard Schmidt, formerly of Microsoft and eBay, will be its new cybersecurity coordinator -- more than six months after President Obama said he was creating the position. Why so long to name Schmidt? John Dimsdale reports.

Bank's failure gets personal

Dec 22, 2009
First Federal Bank of California joined the list of failed banks this past weekend. One of its customers was Marketplace Senior Editor Paddy Hirsch. He tells host Bob Moon how he's gotten a bitter taste of what that failure means.

Green stimulus benefits foreign firms

Dec 22, 2009
Foreign-owned companies are getting a big chunk of the U.S. government's green stimulus dollars, but it might be unavoidable. Sarah Gardner reports.

How will China respond to WTO ruling?

Dec 22, 2009
A World Trade Organization ruling intended to open the Chinese market to foreign films, music and books is being hailed as a major victory for America's cultural exports. But how the Chinese will respond is still not clear. Nancy Marshall Genzer reports.

Good news! Home ownership is down

Dec 22, 2009
Commentator Susan Lee says the indirect costs of government subsidies that encourage people to buy homes hugely outweigh the benefits. That's why she sees the fifth-straight year of declining home ownership a good thing.

Bonuses at German banks come quietly

Dec 22, 2009
There's a growing backlash, both here and abroad, against banks that got government bailouts and are now making big money again. The U.K. and France are imposing steep one-time taxes on big bonuses. Marketplace's Amy Scott checked out the mood in Germany's financial capital.

Music from the episode

Green Fingers Siouxsie and the Banshees
Not Going Home The Elected
Goin' To The Bank Commodores
Boom, Like That Mark Knopfler