Shares in Fannie Mae and Freddie Mac suffered yet another meltdown this week, and the government might step in to bail them out. If that happens, shareholders risk losing all their money. Even so, some of them are staying put. Rico Gagliano reports.
About 70% of New Orleans' pre-Hurricane Katrina population is back. Many have moved to higher ground, leaving one-third of residential addresses empty. Tess Vigeland talks with Tina Marquardt of the nonprofit Beacon of Hope about what's keeping people away.
Marketplace Money host Tess Vigeland took a trip to New Orleans recently to see how it's recovering from the devastation of Hurricane Katrina three years ago. She tells Kai Ryssdal about how much reconstruction is yet to be done.
McCain has seven homes. Obama has one, but it's worth more than a million. Does that mean they're rich? Steve Henn reports on where the presidential candidates fall on a scale of American wealth.
The Federal Reserve chairman says the financial storm isn't over, but inflation should ease. He also speaks of ways to discourage the risk-taking that started the credit crunch. Amy Scott reports.
The loudest noises in big city apartments often come from the smallest culprits — the kids upstairs. That's giving acoustic consultants good business. Ashley Milne-Tyte hears them out.
Sales of Fannie Mae and Freddie Mac plummeted today on fears that if the government steps in to save the mortgage giants, taxpayers will benefit but shareholders will be wiped out. Steve Henn reports.
Housing starts hit a 17-year low in July and a wholesale price report rose to a 27-year high, monthly statistics say. John Dimsdale puts the numbers in perspective and asks — What's next?
One report says Treasury officials are worried the mortgage giants won't survive without government help. Their true value of assets on their books is questoned too. Steve Henn reports.
The July Consumer Price Index rose more than expected, as the average weekly earnings fell in the same month. But how does that mesh with plummeting home prices? Mitchell Hartman reports.