Morgan Stanley wrote off $9.5 billion worth of subprime mortgages last quarter, so you might expect its executives to get a grilling at the annual shareholders meeting. Nope. Didn't happen. Michelle Leder of Footnoted.org discusses why that is.
Treasury Secy. Paulson's plan to get the financial system under control doesn't address a once-obscure kind of credit insurance that's become an enormous money-maker for some of the country's biggest banks and other rich investors. Bob Moon explains.
The credit crisis has inflicted more damage on Swiss banking giant UBS. The bank's got to write down an additional $19 billion for bad mortgage investments. Stephen Beard reports.
An investigation into the subprime meltdown and the credit crunch has shed new light on how the wheels fell off the economy. And there's plenty of blame to go around. John Dimsdale shares the details with Kai Ryssdal.
A report on mortgage lender New Century Financial says auditors at KPMG went along with questionable accounting practices. Amy Scott reports KPMG strongly disagrees with the report, but recent activities raise eyebrows.
