JP Morgan's five-fold increase in its share price offer to Bear Stearns has incited big gains in financial markets in Europe and Asia. Stephen Beard talks to Scott Jagow about why there's a rally in the markets now.
Some former executives of the fallen mortgage lender Countrywide are starting a new company to invest in troubled mortgages. Ashley Milne-Tyte reports.
As the banking crisis continues to unfold on Wall Street, a lot of fingers are pointing at Washington and asking what happened to the people who're supposed to keep an eye on the market. Jeremy Hobson reports.
If $2 a share in the JPMorgan-Bear Stearns deal engineered by the Fed wasn't enough for stockholders, will $10 a share satisfy them? And is this now officially a bailout with a capital B? Kai Ryssdal takes a look with Marketplace's Bob Moon.
Billionaire Joe Lewis is leading the campaign of Bear shareholders who want to block the ailing bank's rescue. But Stephen Beard reports JP Morgan may be prepared to up the share ante to sweeten the deal.
There was a big boost in commodities markets when stocks took a beating earlier this week, but now commodities are starting to cool off. Those Fed rate cuts shored up the dollar, making commodities produced in the U.S. more expensive for foreign buyers. Alisa Roth reports.
Rumors that U.K. mortgage company HBOS was out of money nearly toppled the bank, but the rumors turned out to be false. Stephen Beard reports stock manipulation is suspected, but the perpetrators will be tough to catch.
The federal government already raised the limit on loans mortgage lenders Fannie Mae and Freddie Mac can underwrite. Today's move to relax capital requirements on loans is designed to quickly free up $200 billion in more financing. John Dimsdale reports.
