In this edition of Getting Personal, Chris and Tess talk about lazy investing styles, lending to family, consolidating retirement accounts and foolproof investments.
Merrill Lynch plans to get rid of its toxic assets. by selling $30 billion worth at just 22 cents on the dollar and taking a $5.7 billion write-down in the third quarter. Janet Babin reports where we may be in the mortgage crisis.
Last week, government regulators put temporary restrictions on short selling, or borrowing stock and then selling it. The rules were meant to prevent companies from going into free-fall, but did they help? Bob Moon reports.
With portfolios flopping and the market fluctuating, it's hard to not be frightened. Host Tess Vigeland talks to columnist Jason Zweig about how to make good decisions despite economic anxiety.
New York is reportedly considering securities fraud charges against UBS. The bank and other lenders have faced criticism and legal action over their sale of auction-rate securities. Amy Scott reports.
Fannie Mae and Freddie Mac shares are up on news the White House has agreed to a compromise with lawmakers on a housing market rescue bill. But Dan Grech reports there's no guarantee this action will help bring them back to Earth.
Wachovia is reporting quarterly losses of nearly $9 billion, and more than 6,000 workers will lose their jobs as a result. But Dan Grech tells us the news may not be as dire as it first appears.
IBM, which had strong second-quarter earnings, is known as an indicator for the health of tech stocks. Then why did other tech giants fall flat? Janet Babin has the story.
