Europe's debt crisis and the weak jobs report have led to chatter about the possibility of a double-dip recession. J. Bradford DeLong, economist at U.C. Berkley, talks with Kai Ryssdal about the chances of that happening.
Alan "Ace" Greenberg, former CEO of Bear Sterns, talks with Kai Ryssdal about his new book, "The Rise and Fall of Bear Stearns," whether he regrets anything he did at the company, and his experiences at the helm of a now-extinct investment bank.
Some banks that used to seem kind of shaky have been looking better based on their latest books. But we learned the hard way the past couple of years you can't necessarily take those books to the bank. So corporate-accounting rule setters are suggesting it's time for a change. Bob Moon reports.
The Senate recently passed a sweeping financial reform bill that's 1,700 pages — making it "too big to read." Commentator Glenn Hubbard worries that the bill paid little attention to "too big to fail."
Stocks have been down this week, in part, because of fears of a euro contagion. But economics correspondent Chris Farrell tells Bill Radke that he's not that worried.
Managing editor George Judson is off to Panda country in China's rural city of Chengdu, the capital of the Sichuan Province where poor residents are struggling to keep up with China's roaring economy.
Investors are looking at the debt problems in Europe and the effect they're having on the credit markets there. A number of indicators point to a tightening of credit at European banks. Jeremy Hobson reports.
In Washington, the Senate is moving through a list of amendments to financial reform legislation. Washington bureau chief John Dimsdale talks with Kai Ryssdal about some of the amendments being considered.
The Dow Jones Industrial Average fell nearly 1000 points. Reporter Jeremy Hobson talks with Kai Ryssdal about how much the Greek debt crisis played into the plunge, other factors that led to the fall, and what's going to happen at tomorrow's open.
Members of the commission looking into the causes of the financial crisis thoroughly grilled former Bear Stearns executives. The commission was looking into how banks fudge their quality reports. Nancy Marshall Genzer reports that banks are still doing it.
