Many in the financial markets expect to see the Fed cut rates by a full percentage point -- the biggest rate cut in a generation. John Dimsdale reports one thing seems certain: lower rates will cheapen the value of the dollar.
The U.S. dollar is under a lot of pressure on the expectation that the Fed will cut their key Fed funds interest rate. Scott Jagow talks to Stephen Beard in London on the dollar's fall versus the euro -- and gain on the pound.
The collapse of Bear Stearns prompted the Fed to once again cut interest rates. Commentator and economist Andrew Samwick says whether you call it a bailout or a rescue, all Americans have a stake in the outcome.
The Federal Reserve committed $30 billion in taxpayer money to guarantee the riskiest part of Bear's portfolio in the JP Morgan sale. Kai Ryssdal speaks to Bob Moon about whether the move could ultimately benefit taxpayers.
Once one of the top investment banks on Wall Street, Bear Stearns was offered a mere $2 a share in a bailout deal offered by JP Morgan. Janet Babin reports on how the subprime crisis may have triggered the bank's dramatic fall.
Bear Stearns' stunning collapse came a week after things seemed normal for the bank. Scott Jagow talks to economist Diane Swonk, who says panic in the market and clients turning their backs prompted the trouble.
The Federal Reserve took some emergency measures Sunday night after fire sale of investment bank Bear Stearns. Scott Jagow talks to Hong Kong investment advisor Puru Saxena and Stephen Beard in London to get world markets' reaction.
Oil is up, the dollar is down and economists are saying there's no more denying a recession. But Nancy Marshall Genzer reports despite trouble in the market, there's a silver lining to the weakened economy.