Major losses this week made this June the worst the Dow has seen in 78 years. Scott Jagow talks to Amy Scott in New York about what's causing the plunge and how psychology might play a role in the potential upswing.
The week on Wall Street has been tough, and it's not ending well. Scott Jagow talks to Stephen Beard in London about the effect on the European markets, which has been partially motivated by a gloomy report on the Fed.
Federal and state money for maintaining roads and bridges is getting harder to come by — especially in the current economy. So governments are selling such infrastructure — even to foreign firms. Jill Barshay reports.
With Bear Stearns hedge fund managers facing charges of fraud, could other mortgage-backed securities with Wall Street connections be next? Ashley Milne-Tyte reports more criminal charges could be on the way.
Two Bear Stearns hedge fund managers have been charged with fraud for allegedly lying to investors about problems within the bank prior to its billion-dollar collapse. What effect will their arrests have on Wall Street's credibility? Jill Barshay reports.
Morgan Stanley is the latest investment bank to report big earnings losses. Host Bob Moon asks Standard & Poor's Chief Economist David Wyss what its news means for the economy.
The SEC wants to know why ratings agencies Fitch, Moody's, Standard & Poors gave AAA ratings to mortgage bonds that turned out to be junk. Some blame increased competition for a loss of objectivity. Amy Scott reports.
