Bear Stearns Videos at WCBS 880 Video Archive at wcbs880.com

17 Sep 2008

Who Gets A Bailout?

AIG was saved, while Lehman Brothers was left to fend for itself. It may look arbitrary, but experts say there's a method to government rescue plans.

"… Officials feared Fannie and Freddie collapse would further -- the housing market Bear Stearns meltdown which -- and analysts say -- panic in the financial world. But more people -- Lehman's troubles coming -- Lehman Brothers …" at 0:28

1 Spoken Highlight

1:44

16 Sep 2008

Fed Meets Today About Interest Rates

The Federal Reserve meets to discuss interest rate policy, after a terrible day on Wall Street Monday. Stocks plunged on news that investment bank Lehman Brothers filed for bankruptcy and Bank of America bought Merrill Lynch.

"… that includes Treasury Secretary Henry Paulson who said despite government intervention for Bear Stearns and Fannie Mae and Freddie Mac another bank bailout wasn't in the cards. …" at 0:38

1 Spoken Highlight

1:20

15 Sep 2008

Paulson: Lehman Bailout 'Never An Option'

Treasury Secretary Henry Paulson says he never thought it was appropriate to put taxpayer money at risk to resolve the problems of Lehman Brothers, the nation's fourth-largest investment bank.

"… to use taxpayer money to support -- As an accident buyout of Bear Stearns and from Fannie Mae and Freddie Mac just last week the line was drawn it into the store. …" at 0:44

1 Spoken Highlight

1:37

15 Sep 2008

Lehman's Financial Situation Explained

John Osbon, of Osbon Capital Management, explains the Lehman bankruptcy.

"… Thanks Lehman Brothers different from Bear Stearns Danny mania Freddie Mac why. We'll the government not help them down. …" at 0:42

1 Spoken Highlight

7:23

14 Jul 2008

Help On The Way For Housing Crisis

The federal government is throwing a lifeline to the nation's two biggest lenders, who have seen stocks plummet recently. Meanwhile, it's also planning a crackdown on the culprit of the crisis: shady lending practices.

"… together a rescue package as it did this spring with investment firm Bear Stearns. The news also comes as the that prepares to unveil new rules today to protect home buyers from shady lending practices and …" at 0:56

1 Spoken Highlight

1:24

11 Jul 2008

Mortgage Firms Free-Falling

The government's top financial minds are asking for more power to prevent a future crisis. At the same time, they're trying to sound optimistic as top mortgage lenders are seeing stocks tumble.

"… future economic crisis like the Fed backed takeover of the investment firm Bear Stearns earlier this year so to avoid doing it again we want to have. Things in place. That will make it a necessary. …" at 0:48

1 Spoken Highlight

1:39

19 Jun 2008