A Moody's analyst said the U.S. government may soon have to downgrade its triple-A ranking, which would force the U.S. to pay higher interest rates to borrow. What does this mean for Treasury bond investors? John Dimsdale reports.
There are always interesting things to learn about how Wall Street really works. Senior business correspondent Bob Moon talks to Kai Ryssdal about the "whisper number" and tells a story about a candy drive he had in high school.
Jules Kroll made a fortune creating a firm that did in-depth research for huge Wall Street deals. Now he has plans to start a new kind of credit-rating agency that would help avoid the bubbles that lead to financial crises. Steve Henn reports.
Why didn't more people see the current financial crisis coming? It's not the first financial meltdown the world has seen. Harvard economist Kenneth Rogoff has a new book with Carmen Reinhart that addresses that question. He talks with Kai Ryssdal.
Although much attention has been given to the CEO of Bank of America having his salary and bonus revoked, the real news is the bank's billions of dollars in losses. Yet, while the situation looks bleak, it could be a lot worse. Alisa Roth reports.
When the Fed bought trillions of dollars worth of assets and debt from struggling banks, it never divulged where the money went. Next week, the House Financial Services Committee will vote on whether to change that. John Dimsdale reports.
Goldman Sachs' bonus pool is reportedly $23 billion — a figure Goldman disputes. Whatever the number turns out to be when Goldman reports profits on Thursday, it won't convince anybody that Wall Street has changed its ways. Jeremy Hobson reports.
