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The credit markets can be mind-numbing in their complexity, but they are vital to what happens in our everyday lives. They're also the reason President Bush proposed the controversial $700 billion rescue plan. Here are some answers to questions about the credit markets. ...more
October 8, 2008
The misery worsened on Wall Street on Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points. ...more
October 8, 2008
The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector. ...more
October 7, 2008
Recently, members of Congress acted to address the worst financial crisis America has faced in generations. While the decision may not have been popular, I felt it was necessary to help stabilize the economy and prevent the crisis from acutely affecting American families. ...more
October 7, 2008
It's a wild ride, but the nation's economy isn't going to keep going down, down, down. ...more
October 7, 2008
bread lines stretching around street corners, shantytowns sheltering the unemployed, small-town banks with darkened windows. ...more
October 4, 2008
A battle broke out Friday for control of Wachovia as Wells Fargo agreed to pay $14.8 billion for the struggling bank, while Citigroup and federal regulators insisted that Citi's earlier and lower-priced takeover offer go forward. ...more
October 4, 2008
Ginny Brown-Waite was among the 228 House members who voted against the $700 billion bailout package for the financial industry Monday, calling the measure "embarrassing" and stomach-turning. ...more
September 30, 2008
St. Petersburg-based financial services giant Raymond James Financial said Thursday that it will become a broad-line commercial bank, a move that should position it to compete more aggressively for new customers and help it become more of a recognized financial brand. ...more
September 26, 2008
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