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Great Recession

Divided Decade

What did America buy with the auto bailout, and was it worth it?

by Mitchell Hartman
Nov 13, 2018
About $80 billion helped save GM and Chrysler, but autoworkers and auto-dependent communities haven't fully recovered.
From left, G. Richard Wagoner Jr., CEO of General Motors; Robert Nardelli, CEO of Chrysler; and Alan Mulally, CEO of Ford, testify at a hearing on the U.S. auto industry on Capitol Hill on Dec. 5, 2008. GM and Chrysler were bailed out with TARP funds; Ford received other federal assistance.
Photo by Brendan Hoffman/Getty Images
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China and the emerging markets no longer key engine of global growth

by Scott Tong
Oct 19, 2018
What goes up must come down. In the case of the Chinese economy, what grows like an economic weed inevitably starts to slow down. Today we learned China grew by a mere 6.5 percent the latest quarter. The country’s lowest growth since the Great Recession. You might be tempted to blame that on China’s current […]
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China and the emerging markets no longer key engine of global growth

by Scott Tong
Oct 19, 2018
What goes up must come down. In the case of the Chinese economy, what grows like an economic weed inevitably starts to slow down. Today we learned China grew by a mere 6.5 percent the latest quarter. The country’s lowest growth since the Great Recession. You might be tempted to blame that on China’s current […]
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Economic Anxiety Index®

For African-Americans, a fear of recession

by Erika Beras
Oct 18, 2018
The Marketplace-Edison Research Poll also found that more blacks worry a recession will affect them than whites do.
A man walks by the New York Stock Exchange.
Spencer Platt/Getty Images
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Divided Decade

When did you realize we were in a financial crisis?

by Danielle Chiriguayo , Amy Scott , Nancy Marshall-Genzer , Betsy Streisand and Mitchell Hartman
Sep 20, 2018
Marketplace veterans take a look back at some personal pivotal moments.
News tickers at the Nasdaq MarketSite show negative numbers October 9, 2008 in New York City.
Mario Tama/Getty Images
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Divided Decade

Following the money: What happened to a nearly $17 billion bank settlement?

by Tracey Samuelson
Sep 19, 2018
We break down how a fine is distributed.
A flag flies outside the Bank of America Corporate Center June 30, 2005 in downtown Charlotte, North Carolina.
Davis Turner/Getty Images
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Divided Decade

Once "too small to thrive," now some banks are "too big to fail"

by Sabri Ben-Achour
Sep 11, 2018
There was a time when most banks were small. They liked it that way. Today, just six banks manage more than half the assets in the entire U.S. banking industry.
Chris Hondros/Getty Images
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Divided Decade

Why Lehman still exists 10 years after its collapse

by Tracey Samuelson
Sep 10, 2018
The investment bank's failure triggered nearly 80 bankruptcy proceedings involving hundreds of its subsidiaries.
An employee poses with part of a Lehman Brothers sign at Christie's auction house in London in 2010.
BEN STANSALL/AFP/Getty Images
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Divided Decade

5 things you need to know about Lehman Brothers

by Eliza Mills
Sep 10, 2018
Lehman's collapse is, to this day, the largest bankruptcy filing in U.S. history.
Two employees of Christie's auction house manoeuvre the Lehman Brothers corporate logo on Sept. 24, 2010 in London, England.
Oli Scarff/Getty Images
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Divided Decade

Freddie Mac CEO: "The mortgage system is very safe and sound"

by Amy Scott
Sep 6, 2018
Donald Layton on the U.S. housing market 10 years after the financial crisis.
Freddie Mac CEO Donald Layton announced he is retiring this week.
Freddie Mac
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