Business lender CIT is scrambling to work out a deal with its bondholders for a takeover, or it'll have to file for bankruptcy. Bob Moon reports on the fallout for the small businesses caught in the middle.
Banking regulators say they expect bank failures to cost the FDIC $100 billion over the next four years. Steve Henn reports the FDIC is doing everything it can to avoid another taxpayer-financed bailout.
The Federal Deposit Insurance Corporation is short on cash and is meeting today to try to figure out what to do. Some suggest the FDIC borrow money from healthy banks. Steve Henn reports.
For decades, the governments of the eight economic powers have considered themselves the major decision-makers on the global economy. But from now on all members of the G-20 will be included in discussions. Bob Moon reports.
Leaders of the top 20 economies gather this week in Pittsburgh to figure out how to unwind from the worst global recession any of them have ever seen. Marketplace London Bureau Chief Stephen Beard looks ahead to the G20 Summit with host Bob Moon.
Reuters blogger Felix Salmon and freelance writer Heidi Moore talk with Kai Ryssdal about whether we are more secure after the fall of Lehman Brothers, and if it's now safe for banks to give TARP money back.
New York Times columnist Gretchen Morgenson talks with Kai Ryssdal about her book, "The Capitalist's Bible," and how capitalism has changed through the ages.
T. Rowe Price's Andy Brooks and Fortune's Leigh Gallagher talk with Kai Ryssdal about why people are jumping back into the markets despite sobering economic realities, and whether reform can be expected.
White House economic adviser Lawrence Summers talks with Kai Ryssdal about what the Obama administration has done so far about the financial crisis, and what it plans to do to keep it from happening again.
