Listen Up: More Questions Answered Here


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Here's the next installment of our podcast, in which Adam Davidson tackles questions from you, the listening public. Mike Pesca sat in — don't miss the part where he asks Adam how a person voting on the economy could choose between John McCain and Barack Obama.

If we didn't catch your question in this round, check back with us. A few came in after we'd recorded this edition. One question, though, I'll edit and then turn over to the crowd. It's from Polly. Maybe you can help:

Regarding investing in CDs at Washington Mutual: While the principal amount should be safe if WaMu fails, it's my understanding that the FDIC often decreases CD interest rates since failing banks often offer above market rates as they desperately try raise capital.

Ideas, anyone?

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Starting with the first US company to delcare itself in trouble, I'd like to know is where did all their money go? Or was it all just a shell game...robbing Peter to pay Paul? Who eventually ends up with all the money that's been made by these companies? Fannie may and the like

Sent by Jane Popp | 6:22 PM | 9-16-2008

Thanks dudes. I feel a little better.

Sent by RR Anderson | 6:45 PM | 9-16-2008

I wonder if the SEC Chair's apparent lack of effective policing action and reluctance to solve what problems over which the SEC has authority is part of a Republican agenda to dismantle regulatory agencies by delivering incompetence

Sent by Judy Erickson | 7:37 PM | 9-16-2008

Thanks for the answer. This is a great service for your listeners!

Sent by Kay | 8:40 PM | 9-16-2008

This is probably more than could be reasonably answered during your podcast - which is so welcome - but I do not fully understand the connection between excessively lax mortgage lending (i.e. the subprime exhuberance), securitization and CDOs, the so-called 'credit crunch', and then the downward spiral from Bear Stearns (why so critical to the financial system whereas evidently Lehman was not) to Freddie & Fannie (no subprime here so why the bailout?) to Merrill (why not as perilous a spiral as Lehman) and now AIG. Could you please connect perhaps a few of these dots? Thanks!!!

Sent by M. Desai | 12:44 AM | 9-17-2008

I'd like something explained: My question may sound like a challenge or commentary but honestly, I'm just confused. Is there any reason the administration is balking at the idea of capping "golden parachutes" beyond protecting special interests? What would be their economic explanation for being opposed to that? Or the economic interest in opposing judges working to prevent foreclosures?

Sent by L. Drilias | 1:55 PM | 9-23-2008

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