Subprime lenders are in trouble. Foreclosures are up. Marketplace's Tess Vigeland talks with Kai Ryssdal about why that matters for the larger housing market and the whole economy.
Treasury Secy. Henry Paulson's worried that too many rules are costing American businesses too much money. He asked a gathering of top business leaders today what they thought. Pat Loeb reports.
Subprime lender New Century moved a step closer to bankruptcy as its lenders called in their loans. Track the falling dominos and it might push the whole economy lower, too. Hillary Wicai reports.
Analysts are speculating that New Century Financial could be another casualty in the subprime mortgage market. How did the industry get in such a mess? Steve Tripoli reports it was step by reality-ignoring step.
This week, Congress held hearings on the credit card industry. Are high fees and late payments on their way out? Host Tess Vigeland interviews Marketplace's John Dimsdale.
Ben Bernanke's had a pretty upbeat take on the economy — so is former Fed chairman Alan Greenspan stepping on his successor's toes with his gloomier-than-thou outlook? Chris Farrell says heck no.
Treasury Secretary Henry Paulson is expected to tell the Shanghai Futures Exchange on Thursday that it's time for China to get serious about opening its markets. Marketplace's Scott Tong talks with Kai Ryssdal about what's at stake.