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  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    The U.S. markets may be closed Sunday, but that doesn't stop rumblings and news on the financial front. Lehman Brothers officials are hoping to finalize plans to raise capital and sell off bad debts sometime this coming week. And U.S. Treasury officials expect to buy $5 billion of Fannie Mae and Freddie Mac securities within the next month, as part of the takeover of the mortgage finance giants.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    For the troubled financial sector, Saturday brings no rest. The U.S. plans to bring mortgage finance firms Fannie Mae and Freddie Mac under Federal control, according to reports. The move could constitute the biggest financial bailout in American history. And shareholders are facing the prospect of a wipeout.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    It's a pretty black Friday. Another bleak unemployment report shows the August joblessness rate shot up to its highest level since summer of 2003. And the glum news seems to rattle every spoke on the financial hub.

  • White knights are hard to nail down as the savvy start hedging their bets and bear season arrives on Wall Street. The Lehman Brothers rumor mill heats up and investors turn a cold shoulder on stocks, as the indices enter bear-market territory.

  • The markets are still struggling and consumers are saving more, causing concern that a recovery will be slow. Art Cashin, floor director at UBS, weighed in Friday with his thoughts.

  • Men's Underwear

    You’ve probably heard about the hemline indicator, the lipstick indicator and other quirky things that are used to measure where the economy is heading. But how about another: men's underwear?

  • After the close, Cliff Natural Resources announced a 12 million share secondary...we are expecting BB&T to price a roughly $1.5 billion secondary tonight or tomorrow; sources tell me additional pricings from Duff & Phelps, SCBT Financial are also coming, and...

  • Too Big Too Fail

    Back in the day - we're talking 2004 - Minneapolis Federal Reserve President Gary Stern and Sr VP Ron Feldman wrote “TOO BIG TO FAIL: THE HAZARDS OF BANK BAILOUTS.” Back in 2004! Way before Lehman and AIG and the others. Now the book is back – with new insight and new recommendations.

  • Cramer shows you how to call the trough and ride the averages back up.

  • William H. Gross, who manages the largest bond mutual fund in the United States, warns against nationalizing failing banks, the New York Times reports.

  • Stocks limped to the finish line Wednesday as broad strokes on the bank plan from Bernanke failed to comfort the market.

  • As the situation has become more dire, and as bank stocks again swoon as regulators are descending upon the banks to begin collecting data for Treasury's "stress test," the word "nationalization" is being heard on the Street as a legitimate alternative to the plans that have been floated. It’s a sign of how worried—desperate—the Street has become.

  • Futures pointed higher Wednesday as investors looked to scoop up some bargains after the previous session's selloff and shrugged off another dismal housing data point.

  • Host David Faber goes in-depth on the credit crisis, telling us what happened, who the players were and how it stretched across the globe.

  • If this recession has you so mad you just want to shake someone, check out this new line of stress-busting dolls called "Squeeze the Banker," that lets you hold them accountable — literally! Collect the whole set: Paulson, Bernanke and Greenspan. Plus, more stress-busting outlets.

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    Sure, no one can get it right every time. We all miss the mark now and then. But the following comments are real doozies!

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    Former Federal Reserve Chairman Alan Greenspan told Congress on Thursday he is "shocked" at the breakdown in U.S. credit markets and said he was "partially" wrong to resist regulation of some securities

  • On his last day as chairman of the Board of Governors of the Federal Reserve System, Alan Greenspan smiles as he presides over his final Federal Open Market Committee meeting at the the Fed's headquarters in Washington, Tuesday, Jan. 31, 2006. He is speaking to Deborah J. Danker, at left, special assistant to the board, with Vice Chairman Roger W. Ferguson Jr., at right. Greenspan has held the post for more than 18 years and is widely viewed as the most successful chairman in the Fed's 92-year h

    Lawmakers have called key players from the past and present to congressional hearings in an effort to find out what caused the biggest financial crisis since the 1930s and determine how the government plans to get the nation out of the mess.

  • These are scary times for banking regulators around the world. Bank runs, bankruptcies, a crisis of confidence etc. These are not factors leading up to the Great Depression, but rather, ripped from today's headlines. Things that would probably keep even Alan Greenspan awake at night!  Ben and Hank have definitely lost sleep this past month...

  • Ireland's decision to guarantee all bank deposits will contribute to the demise of the single European currency, because it will erode the euro's credibility if it's allowed to go ahead, Hugh Hendry, chief investment officer and Partner at Eclectica Fund, told CNBC on Thursday.