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.
Listeners wrote in about creating jobs for out-of-work Americans, student loans and having lobbyist-connected people on Obama's team. Also, Kai Ryssdal learns how to pronounce the name of a South Dakota city.
Dubai's dream of having the biggest and best of everything was believed to be impervious to global economic slowdown, but Kelly McEvers reports there are signs the city is feeling economic malaise too.
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.
Travelers, at least, are in for a happier holiday season. The price of airline tickets is dropping fast amid discount airfare wars between the major carriers. But those extra fees are likely to stay. Stacey Vanek-Smith reports.