CNBC's Steve Liesman reports on former Federal Reserve chair Ben Bernanke and his comments on recent blog.» Read More
The already roiled markets have a new fear: the survival of AIG.
Lehman Brothers filed for bankruptcy on Sunday to become the largest casualty of the global crisis, while Bank of America adds another slice to its growing financial services empire, buying Merrill Lynch in a $50 billion deal. Following are today's top videos:
Could wreckage from the massive crisis on Wall Street prompt the Federal Reserve to do an about face and once again cut interest rates?
More and more voices call on the Federal Reserve to cut interest rates in the aftermath of Lehman Brothers' bankruptcy. What do you think the Fed should do? Vote in the poll below:
I spent the morning canvassing my real estate agent contacts to see how the Fannie/Freddie takeover and the news over the weekend of two major investment banks ceasing to exist affected potential buyers at open houses.
The Federal Reserve could make an emergency move and cut the federal funds rate by half a point during trading Monday, investment advisor Marc Faber told CNBC.
The financial sector took another hit after Lehman Brothers filed for bankruptcy protection on Sunday and Wall Street scrambled to shore up the system.
Attention Wall Street: Add the precipitous slowdown in consumer spending to the list of worries and reasons to think a recession is underway or imminent.
It seems that most economists, as well as the soon-to-be-former CEOs of Fannie and Freddie believe that the bottom in home prices is still a ways away.
The Fed may start considering another interest rate cut at the end of this year or early 2009, which was widely considered out of the question a week ago.
You’d think that with rates on the 30-year fixed falling half a percentage point in just a week that the phones would be ringing of the hook at your neighborhood mortgage broker. Apparently that’s not the case.
So Lehman Brothers is getting out of the commercial real estate investment business by ridding itself of $25-$30 billion worth of CRE assets.
What college students - and their parents - should learn.
Global financial leaders convened at an economic summit held at the University of Virginia to discuss the world's economic concerns. The conference tried to design a blueprint for how to solve some shared economic problems, such as the subprime mortgage crisis and rising fuel and food costs.
I realize that what happened over the weekend is truly unprecedented and mostly surreal, and therefore it really behooves every American to have an opinion as to what the effect will be on the housing market and the greater economy.
After the announcement of the Freddie Mac and Fannie Mae bailout, mortgage rates fell to their lowest level in about five months. Here are the longer term trends...
Despite a Fannie-Freddie takeover, a $168-billion stimulus measure, a housing rescue package and Fed rate cuts, the economy is still struggling. Now what?
Need clarification on a term we used on the show? Check here first.
Now that the government is in charge of the GSE's (can I call them Government "Sponsored" Entities or should that change to something else??), analysts are looking for the builders to reap the rewards, long term in sales and short term in the stocks.
U.S. President Bush Wednesday signed into law a housing rescue plan passed by Congress as foreclosures rise and property values slump, including emergency backstop credits for the big mortgag elenders.