Hope for Housing, is a new $300 million program to help homeowners facing foreclosure get new loans. It was part of the Fannie Mae-Freddie Mack deal. Stacey Vanek-Smith talks to some who want to see more.
The credit crisis is spreading like a bad flu. It's affecting construction, automakers and retail outlets. And, as reporter Steve Henn learns, more layoffs are on the way.
Inflation is running about 3 percent across the euro zone, well above the European Central Bank target of 2 percent, says European Bureau Chief Stephen Beard. He tells Kai Ryssdal that the level of fear is rising, as well.
Republican Congressman John Campbell voted yes for the $700 billion rescue plan the first time around and tells Kai Ryssdal that he intends to do so again when it comes back to the House floor.
Marketplace Money host Tess Vigeland and New York City Bureau Chief Amy Scott are crossing the country to see how Americans are doing. They get our "Road to Ruin?" series rolling by talking to Kai Ryssdal from San Francisco and Charlotte, N.C.
After the financial rescue plan failed in the House, Kai Ryssdal checked in with Democratic Rep. Peter DeFazio to talk about his No vote. Now that the Senate has come up with a new version, Kai calls him back.
Just how did we get into this credit crisis? The ongoing story is full of confusing terms and obscure financial products. Even the sellers didn't know what they were. The Marketplace Players try some out.
Money for loans is available; it's just that it costs a lot of money to borrow it. So, for many businesses, the credit crunch is very real. Mitchell Hartman reports.
To attract more votes to their version of the rescue plan, Senate leaders added items to the bill that was rejected by the House, in hope of winning votes. Washington Bureau Chief John Dimsdale has more.
Part of the Senate's financial rescue plan would suspend something called "mark-to-market" rules of accounting. Jeremy Hobson explains what that "something" is and what would happen if it went away.
