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WNYC News

Bailout Only the Beginning, Clinton Says

Tuesday, October 07, 2008

Sen. Hillary Clinton says the $700 billion bailout plan is just the beginning of what needs to be done to prevent an even deeper economic crisis from unfolding in the U.S. She says Congress should adopt a program to rewrite mortgages and reset terms for ...

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The Brian Lehrer Show

The Answer is Still No

Monday, October 06, 2008

Scott Garrett, U.S. Congressman (NJ-5th), talks about why he voted no -again - on the bailout proposal.

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WNYC News

Wall Street Consumers Not Comforted By Bailout

Monday, October 06, 2008

Panicky investors sent the Dow Jones Industrial Average below 10,000 at one point in the trading day.

Trader Alan Valdes says that's a vote of "no confidence" in the stock market.

VALDES: It is a psychological number you want to see held. and if they don't hold ...

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WNYC News

Former Lehman CEO Gets Grilled By Congress

Monday, October 06, 2008

Congreesmembers cited documents indicating Lehman steered millions of dollars to executives as the company was nearing bankruptcy.

One of two Republicans on the panel, Connecticut Congressman Chris Shays, says he shares Americans' disbelief about the size of some executive pay packages.

SHAYS: To those of us on ...

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WNYC News

World Wide Financial Markets & Wall Street

Monday, October 06, 2008

Despair about a weakening global economy swept over Wall Street.

Here with some analysis of the day’s financial news is BusinessWeek's Financial Editor Adrienne Carter.

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The Leonard Lopate Show

Remember the Savings & Loan Crisis?

Friday, October 03, 2008

Find out what the Savings & Loan crisis of the 1980s and 90s can teach us about our current financial problems. Investigative reporter David Cay Johnston is author of several books, including Free Lunch; Michael Santoli is Associate Editor of Barron’s magazine.

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The Leonard Lopate Show

Political Implications of the Bailout Bill

Friday, October 03, 2008

The House votes today on the bailout bill that passed the Senate on Wednesday. Jonathan Capehart, editorial writer for the Washington Post, fills us in on the political implications of today's vote, and what's at stake for the lawmakers who have voted for or against it.

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WNYC News

New Jersey Congressman Explains Why He Changed His Bailout Vote

Friday, October 03, 2008

"If at first you don't succeed, try, try again."

Congressmembers put that adage into action and passed the financial industry bailout plan in a vote of 263 to 171, a reversal of Monday's stunning defeat.

Among those who changed their minds is New Jersey Democrat Bill Pascrell, ...

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WNYC News

Wall Street's Reaction to the $700 Billion Rescue Plan

Friday, October 03, 2008

Stocks turned lower and credit markets remained strained after the House approved a $700 billion financial rescue plan.

Here with a reaction to the markets and the House rescue measure is Robert Shroeder, a reporter at Market Watch.

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WNYC News

Congresswoman Promises There Will Be Follow-Up to Bailout

Friday, October 03, 2008

With the markets actually lower than they were before the passage of the $700 billion economic rescue plan, and Governor Paterson warning of an economic "blood bath" in the state, New York's fiscal woes look far from over.

New York Congresswoman Carolyn Maloney says taxpayers shouldn't ...

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The Brian Lehrer Show

The Senator from NY

Thursday, October 02, 2008

Hillary Clinton is back in Washington as a full-time US senator. She discusses the economic rescue package, the state of New York economy, and the home stretch of the Presidential campaign.

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The Brian Lehrer Show

How To Fill the Potholes on Wall Street?

Wednesday, October 01, 2008

New York Times reporter Vikas Bajaj talks about how the credit crunch affects municipalities' ability to operate.

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WNYC News

Bloomberg Expected to Seek a Third Term

Wednesday, October 01, 2008

In a move that promises to alter the city's political landscape, Mayor Bloomberg is expected to go for a third term. After dangling the possibility before the media for months now, people who've been briefed by the mayor say he'll make his intentions known tomorrow. ...

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WNYC News

Mixed Reaction Over Bailout in New York City

Tuesday, September 30, 2008

New York City's financial industry witnessed yet another historic day. As the U.S. House rejected a $700 billion plan to rescue Wall Street, stocks plunged. The Dow lost more than 770 points, its biggest one-day point-drop ever, and New Yorkers felt conflicted about the outcome. ...

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The Brian Lehrer Show

Group Project: Details of The EESA

Monday, September 29, 2008

The financial services committee has posted the full Emergency Economic Stabilization Act of 2008 online here for all to read. Have you had a chance to go through it? What are the devils or angels in the details? What are the most important features of the proposal? If ...

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The Brian Lehrer Show

Bailout Plan Before The House

Monday, September 29, 2008

Lawmakers spent most of the weekend finalizing the details of the emergency bailout plan. The compromised proposal is now before the House, and looks to face a tough road to approval. Diane Brady, senior editor at Business Week, discusses the current state of the bailout deal with Adam Davidson, NPR ...

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WNYC News

Dow Plummets as Bailout Fails in House

Monday, September 29, 2008

On Wall Street the Dow closed with its biggest drop ever today -- it plunged more than 735 points (to close at 10404) - after the failure of the financial bailout plan in the House. That's a nearly 7 percent drop for the Dow. Stunned ...

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WNYC News

Explaining the Failure of the Bailout

Monday, September 29, 2008

On Wall Street, the Dow closed with its biggest drop ever today -- it plunged more than 735 point, after the failure of the financial bailout plan in the House. That's a nearly 7 percent drop for the Dow. Stunned traders on the floor of ...

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The Brian Lehrer Show

Bailout Update

Friday, September 26, 2008

Paul Krugman, columnist for the New York Times, and professor of economics and international affairs at Princeton, gives us his take on the latest bail out news.

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WNYC News

Stocks Up but Credit Still Down

Friday, September 26, 2008

After being down most of the trading session stocks turned higher into the close as investors nervously wait for some kind of resolution on the government's proposed financial bailout. The Dow closed up 121 points -- just over one percent. The NASDAQ was down just ...

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