Chicago Business News
Wednesday, September 17, 2008
WTTW News | September 17, 2008, 7:00 pm
Downturn on Wall Street
There was another big drop on Wall Street today. Stocks tumbled 450 points as the market tried to digest the latest financial bombshells. We devote the entire show to the economy, including a close look at the markets as well as an assessment of your personal finances with Terry Savage.
AIG Bailout
The federal reserve is giving a two year, $85 Billion dollar loan to insurance giant AIG. That gives the government an 80 percent stake in the company. We analyze whether or not this is a good idea.
Housing Market
We take a look at the troubled housing market and assess where Chicago is at in the foreclosure crisis.
