Lisa Chow

New York, NY —

Real estate moguls huddled in the Waldorf-Astoria yesterday, and WNYC’s Lisa Chow was there.

New York, NY —

One of the key innovators of the mortgage-backed security market blames the Federal Reserve and regulators from 2001 on for today's financial crisis.

Larry Fink is now CEO of BlackRock, a Manhattan based asset management firm. He says Alan Greenspan's policy of lowering interest rates and ...

New York, NY —

All the bank failures, bank conversions, and bank mergers mean New York’s once thriving financial sector is shedding jobs - fast. Ten thousand this past year, and an estimated 30,000 more in the coming year. Recruiters say there’s a lot of talent on the street, ...

New York, NY —

Layoffs and tax increases are just part of how Mayor Bloomberg plans to balance the budget this year. WNYC's Lisa Chow reports on some of the other ways he plans to save money.

REPORTER: The city will save a lot by simply not hiring people to ...

New York, NY —

Business leaders and economists are warning state Assembly members that New York's economy won't hit bottom until next year as housing prices fall and the financial sector sheds jobs. Kathryn Wylde is president of the pro-business Partnership for New York City. She says the city's ...

New York, NY —

The reaction from legislative leaders? This from Democratic Assembly Speaker Sheldon Silver.

SILVER: This budget will not be balanced on the backs of the poor, the working men and women of NY, that all classes, all factors will have to contribute and feel the pain of ...

New York, NY —

As big financial institutions have laid off workers, switched business models, or gone belly up, one New York industry has thrived, pulling in record profits. WNYC’s Lisa Chow reports.

REPORTER: Let’s put aside all these fancy terms, credit default swaps, collateralized debt obligations, de-leveraging, and talk ...

New York, NY —

Foreclosure filings this summer were up across all five boroughs, as much as 60 percent in Manhattan, compared to last summer, according to city records.

Shaun Donovan is the city's housing commissioner. He says in New York City, the foreclosure crisis affects more than just homeowners.

DONOVAN: ...

New York, NY —

New York City is trying to get more tourists from developing countries. NYC And Company spokeswoman Kimberly Spell says the latest foreign office for the city's marketing and tourism office is in Mumbai, India.

SPELL: If we can extend the stay just by a few days, ...

New York, NY —

The Treasury Department is working quickly to hire companies to help manage the toxic assets crippling the U.S. financial system. Only a handful are capable of taking on such an enormous task. One of the leading contenders is the company BlackRock. WNYC’s Lisa Chow took ...

New York, NY —

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 ...

New York, NY —

As Republicans and Democrats blame one another for the roots of the current financial crisis, Senator Hillary Clinton is defending a 1977 law that was strengthened by her husband, President Clinton, that expanded home mortgages to low-income families.

Some conservatives are blaming the 'Community Reinvestment Act' ...

New York, NY —

As the rest of the country saw falling housing prices, Manhattan's kept going up. Not anymore. Real estate prices are starting to flatten, according to reports by three big real estate firms. WNYC's Lisa Chow reports.

REPORTER: The price of a typical apartment this summer was ...

New York, NY —

As Congress continues to debate a $700 billion financial industry bailout, a fundamental question that's been raised is how the plan will save businesses and consumers on Main Street and not just bail out Wall Street firms. Some analysts believe the Bush administration has failed ...

New York, NY —

Many of us are probably watching the stock market to track the financial crisis. But economists often look at more obscure numbers - to assess the confidence among banks and investors.

WNYC's Lisa Chow reports.

There's the interest rates on US Treasuries which have been near zero. ...

New York, NY —

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. ...

New York, NY —

The federal bailout for Wall Street may also bail out financial analysts who've lost their jobs. If the $700 billion package goes through, Wall Street will need people to make sense of the troubled mortgage-related assets that are crippling the economy. WNYC's Lisa Chow reports.

REPORTER: ...

New York, NY —

New York City's small community banks and credit unions are concerned about the health of the US economy, but not all of them are feeling the turmoil on Wall Street.

Or the nervousness ignited by Washington Mutual's failure. Jack Lawson is CEO of the Brooklyn Cooperative ...

New York, NY —

Some of the provisions they've agreed on include oversight by Congress, limits on executives' pay, and an installment plan for $700 billion.

New York Rep. Carolyn Maloney sits on the House Financial Services Committee. She says the money Treasury Secretary Henry Paulson is requesting is a ...

New York, NY —

The woes on Wall Street are raising questions about any impact on Manhattan's residential real estate. WNYC’s Lisa Chow reports.

REPORTER: The big what if for people watching the real estate market is, what if the city continues to lose jobs? If that happens, housing prices ...