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Investment Bankers: CIA Wants You
May 29, 2009 @ 07:14 AM | By Greg MacSweeney

The CIA is recruiting investment bankers and other Wall Street types. If they can pass a few hurdles and stomach the $130,000 salary, the financial whizzes will work on tracking economic threats to national security. Steve Henn reports in this audio segment from American Public Media’s Marketplace.

TGIF: Daily Show Comments on the Economy; Client/Vendor Relationships in Real Life
May 29, 2009 @ 06:58 AM | By Penny Crosman

Reporters on the Daily Show address economic issues; what happens when business technology clients take their vendor demands out into real-life situations; monologue of a stand-up economist.

Daily Show Correspondents on a Possible Economic Collapse

New and existing staff members at the Daily Show explain what they would do in the event of a complete economic collapse.

The Daily Show With Jon Stewart

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The Rise of a Financial Stability Regulator
May 28, 2009 @ 10:14 AM | By Greg MacSweeney

Just as the Great Depression led to the creation of new institutions and financial practices, the Obama administration is on track to impact financial regulations. One of the new concepts involves a financial stability regulator, Wall Street Journal’s David Wessel explains. The big question remains: “How much power will be given to the new regulator?”

TGIF: Jim Cramer on How to Get Mad; Human Flight Demo; Keyboard Cat Remixes
May 22, 2009 @ 08:55 AM | By Penny Crosman

Mad Money host Jim Cramer teaches Jimmy Fallon how to say "booyah" and "shedaddy"; the Martin Aircraft Company shows off its human flight equipment; some of the best of the keyboard cat remixes.

Jim Cramer on How to Get Fired Up

The Mad Money host shows Jimmy Fallon how he gets ready for a show.

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What Went Wrong When Bear Stearns Fell?
May 22, 2009 @ 07:18 AM | By Greg MacSweeney

It took 72 hours for Bear Stearns to crumble. In one day, Bear Stearns went from $18 billion in cash on hand to $3 billion, as investors panicked. Reporter Kate Kelly from the Wall Street Journal wrote about the final days of the investment bank's collapse in her book "Street Fighters" and talks with host Kai Ryssdal about what happened.

Spitzer Offers Advice to the Fed
May 19, 2009 @ 12:27 PM | By Penny Crosman

Unready though I am to see disgraced former New York governor Eliot Spitzer leap out of the doghouse and back into self-righteous sermonizing mode (am I the only one?), his latest column in Slate, How To Fix the New York Fed, is provocative.

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China’s New GEB Exchange takes on Nasdaq to Nurture Tech
May 19, 2009 @ 10:21 AM | By Greg MacSweeney

China's new Growth Enterprise Board (GEB) hopes to reward the country's tech stars the same way Nasdaq helped companies like Google and eBay. But the GEB exchange comes with a different set of rules for investors, reports Scott Tong from American Public Media’s Marketplace Report.

TGIF: Geithner Announces Written Stress Test Results
May 15, 2009 @ 07:02 AM | By Penny Crosman

Treasury Secretary Timothy Geithner (portrayed by the droll Will Forte) shares the lesser-known results of the written portion of the recent stress tests taken by the 19 largest banks, on Saturday Night Live.

Book Dissects J.P. Morgan During the Financial Meltdown
May 14, 2009 @ 11:04 AM | By Greg MacSweeney

A new book dissects J.P. Morgan’s role in the financial crisis and how JPM managed to both help create the products that would ultimately derail the markets and also how JPM avoided some of the huge losses tied to the financial crisis. Author and journalist Gillian Tett, assistant editor, Financial Times, talks about her new book, "Fool's Gold" in which she analyzes J.P. Morgan and its role in the financial meltdown.

TGIF: Treasury Recalls All U.S. Dollars; Workers Outsource Their Work; Intel's "Rock Stars"
May 08, 2009 @ 06:58 AM | By Penny Crosman

The Onion reported this week on the Treasury's latest effort to fix the economy and the trend of American workers outsourcing their work to people in India; Intel's latest ad shows glimpses of its "rock stars."

U.S. Treasury Recalls All U.S. Dollars

Don't think about it — just put all your money in a bag and send it to Washington.

Treasury Department Issues Emergency Recall Of All US Dollars continued...

The Big Flaw of the CDS Big Bang
May 07, 2009 @ 03:00 PM | By Kevin McPartland

By Kevin McPartland

Is the CDS Big Bang setting us up for another Big Bust? Did we just give billion-dollar matches to people now pouring gas onto over-insured assets? Is anyone out there watching this — or does the thought of reading about credit default swap regulation put people to sleep at their own peril? Wake up....

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Madoff is Protecting People, Says Former Personal Secretary
May 06, 2009 @ 10:26 AM | By Greg MacSweeney

Eleanor Squillari, Bernie Madoff’s former personal secretary, tells the TODAY Show that she believes Madoff is protecting people. Squillari said that by 2005, “Bernie and [wife] Ruth were on top of the world and had begun spending money at the rate they never had before.” She also believes that Madoff, a maticulous planner, also staged his arrest and left behind specific clues that he wanted investigators to find, in order to protect people involved in his scheme.

Visit msnbc.com for Breaking News, World News, and News about the Economy

Treasury, Banks Negotiate Stress Tests
May 05, 2009 @ 10:19 AM | By Greg MacSweeney

I think it’s slightly amusing that the big banks' stress test results have been pushed back as executives try to convince the Treasury Department to give them passing grades. That’s kind of like trying to convince your cardiologist that although you failed the stress test, your heart is fine. Maybe bankers feel that hey know their respective companies better than the Treasury. That is probably true, but the collective track record during the past few years doesn’t provide much confidence that the bankers can objectively self regulate and self capitalize. Here is an interview on the stress tests from American Public Media.

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