From the Marketplace mailbox, Kai Ryssdal pulls out some of the letters sent in by listeners. In the selection: comments on calculating the poverty line, food fraud, the financial crisis and the dropping price of oil.
When Lehman Brothers filed for bankruptcy, sellers of its credit default swaps found themselves on the hook for billions of dollars. New York Bureau Chief Amy Scott reports on the settlement and how much is expected to change hands.
A speculator named William Duer borrowed like crazy in the 1790s to build a fortune. When he went bust, lenders said he was too big to fail. Sound familiar? Author David Liss recounts the story that led to the founding of the NYSE.
Industrial giant Caterpillar is one of a number of companies with lower-than-expected third-quarter earnings. Higher raw-material costs and the global economic slowdown are blamed. Ashley Milne-Tyte reports on earnings reports to come.
Is the Fed encouraging a shakeout in the regional bank sector? Word is the government might allow mid-sized banks to buy weaker rivals with bailout money, instead of issuing loans. Jeremy Hobson checks it out.
Jittery investors pulled half a trillion dollars out of money-market funds in the past few months, tightening up another source of credit. So, it's Fed to the rescue again. Senior Business Correspondent Bob Moon reports.
New York City has lost 11,000 financial sector jobs and expects to lose many thousands more. With Wall Street hemorrhaging jobs weeks before the election, Jeremy Hobson finds out what pink-slipped want from a new administration.
Family practice physician Tanyech Walford has seen her business shrink and insurance reimbursements cut back. For her, the financial crisis means closing her office and leaving L.A. Walford tells her story for our series "What I'm doing."
Many local bank managers say they aren't seeing the level of financial disruption or the liquidity crisis plaguing the upper echelon institutions on Wall Street. Kate Archer Kent visits a local bank in Shreveport, La.