A subsidiary of Warren Buffett's Berkshire Hathaway group is going to stop insuring bank deposits over $100,000. Does this mean Buffett is worried about future bank failures? Nancy Marshall Genzer reports.
Fire sale at Lehman Brothers. The struggling bank will spin off its commercial mortgages as part of a plan to keep itself afloat. Lehman has lost nearly $4 billion in the fourth quarter. Janet Babin has more.
OPEC ministers surprised many oil experts who expected the cartel would keep production levels the same. Host Scott Jagow asks a reporter from the Financial Times why OPEC decided to cut them.
The oil cartel meeting in Vienna ended with a surprise decision to lower output now that prices are falling. Not everyone sees the decision as a permanent one. Megan Williams has more.
Jefferson County, Alabama, has already missed several bond payments for a sewer project. No one really wants the county to go down, though. Tanya Ott reports on the situation.
A mass transit group says public transportation ridership was up 5% this spring over a year ago, due to $4-a-gallon gas. Meanwhile, a Senate committee is considering new transit funding. Nancy Marshall Genzer reports.
Do your retirement funds have any Fannie Mae or Freddie Mac stock in them? If so, you may want to check how much you've lost. Kai Ryssdal did, and he talks with Marketplace Money host Tess Vigeland about the financial hit you might not be aware of.
Does that sense that every American ought to own a home get us and our financial institutions into trouble? Commentator Gregory Ip says we need to answer that question before we decide what to do with Fannie and Freddie.
There's more we don't know about what's going to happen in the mortgage finance market than we do know. To get some perspective on the bailout of Fannie Mae and Freddie Mac, Kai talks with Karen Shaw Petrou at Federal Financial Analytics.
There are a lot of ways to try to measure the goverment's bailout of Fannie Mae and Freddie Mac. Sheer dollar amounts. Share prices. Bond yields. Or how about this: It's cheaper to get a mortgage today than it was last week. Janet Babin reports.
