Treasury Secretary Henry Paulson got an earful from members of the House Financial Services Committee over management of the $700 billion bailout and his refusal to act on foreclosures. Steve Henn has more.
The $700 billion bailout isn't just about banks anymore, and automakers are begging for a cut. Kai Ryssdal recaps the week with David Leonhardt of The New York Times and Leigh Gallagher of Fortune magazine.
Hedge fund investors can withdraw their money only once a year, and Nov. 15 is the day. Fund managers say requests to get out are unusually high this time. Sally Herships reports on what that could mean.
A Congressional committee questioning five prominent hedge fund managers wanted to know what role they might have played in the financial meltdown and whether regulations are needed. Nancy Marshall Genzer has the story.
Why hasn't the government's plan to buy up toxic assets worked? Will recapitalizing the banks and providing mortgage relief ease the crisis? Kai Ryssdal puts those questions and more to financial analyst Karen Shaw Petrou.
The Treasury secretary says the government is backing away from buying toxic assets from banks — the centerpiece of the rescue plan when Congress approved it. Washington Bureau Chief John Dimsdale reports.
The first batch of bailout money released by Congress is going fast. Soon, Treasury will have to go back for the rest. This time, though, there are likely to be strings attached. Steve Henn reports.
The government set new terms, including lower interest rates, for homeowners seeking relief from foreclosure, terms that will be adopted by
Fannie Mae and Freddie Mac. Washington Bureau Chief John Dimsdale reports.
Some economists believe that economic models are dated and deficient, and they're looking for theories that would help make sense of the financial crisis and global economy. Janet Babin has more.
The government is reworking the AIG bailout package, modifying loans already offered and preparing to spend another $40 billion to buy preferred shares. Kai Ryssdal gets details from Steve Henn.
