Friday, September 19, 2008
Need some perspective after this week's collapse? Our senior business correspondent Bob Moon provides some. He discusses with host Tess Vigeland what we've been through and what's ahead.
Wall Street sign (iStockPhoto)
More on The Economy, Wall Street, America's Financial Crisis
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In his weekly podcast, Scott Jagow makes sense of the week in business and the economy. Subscribe now.
Watch the videoCredit default swaps? They're complicated -- and scary! The receipt you get when you pre-order your Thanksgiving turkey? Not so much. But they have a lot in common: They're both derivatives. Senior Editor Paddy Hirsch explains. Watch the video.
I have been requesting credit reports in tandem from one of the three agencies every fourth month. In this way, I receive a free report from each agency once a year. Would I jeopardize the free report privilege if my wife requested separate credit reports as well? Robert, Raleigh, NC Read Chris Farrell's answer »
One year after the fall of Lehman Brothers, Americans' have lost faith in the financial system and learned some hard lessons. Get more.
The recession has changed our financial lives. A look at wealth and prosperity in the middle class and how we live now. Get more.
How living beyond our means helped bring down the economy. The role of personal debt in the financial crisis, and where we go from here. Get more.
How four pillars of the American Dream are changing. What's in your future?
Conversations with individuals who can give us the long view of our economic situation. Get their views.
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From Missouri Valley, IA, 09/19/2008
I would like to know the following:
What is happening to the CEO's and Executive staffs from these financial institutions?
Do they keep their jobs?
Are they going to receive any type of departure compensation?
Required to pay back some of their ill-gotten gains?
What is their status in general?
Thank you
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