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.
JP Morgan Securities predicts investment bank Lehman Brothers will take a huge hit in the third quarter from bad mortgage investments. Nancy Marshall Genzer reports on speculation Lehman might not survive.
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.
Stockbroker and business analyst David Johnson in Dallas chats with host Tess Vigeland about the week on Wall Street. The go over markets, commodities, oil, the dollar and whether or not we can relax.
Private-equity firms invested just $50 billion in the U.S. in the first half of this year, compared to $300 billion last year. Private equity is a notoriously private business. But Amy Scott got a rare look at how one firm is adapting.
Wall Street will continue to be able to take out emergency loans from the Federal Reserve through next year. Host Kai Ryssdal asks economist Cary Leahy about the impact of the Fed's lending.
Shares of ArcelorMittal, the world's biggest steelmaker, are double what they were last quarter. Share prices had been falling on the assumption of hurt demand. Stephen Beard reports most of the growth comes from emerging markets.
The big bank had been waiting with the hope of breaking even on its loan portfolio, but announced late yesterday that it will sell off its repackaged debt at a huge loss. Bob Moon reports.
