The Dow Jones industrial average on Tuesday reclaimed the last of the ground it held before the carnage of the Great Recession %u2014 bailouts, bank failures, layoffs by the million and a stock market plunge that cut retirement savings in half. The Dow closed above 13,000 for the first time since May 19, 2008, almost four months before the fall of the Lehman Brothers investment bank triggered the worst of the financial crisis.
The Fed's decision to allow big banks to pay sharply higher dividends makes no sense, and not just because the results of the so-called "stress tests" are secret. Based on facts that are public knowledge, the banks are actually insolvent, and in danger of sinking much further.
Some companies don't realize how important their image is until it's gone. A new survey of corporate directors shows that reputation may account for 70% of a company's value.
In an exclusive interview with DailyFinance, the former Treasury Secretary, who now leads the White House's economic council, explains how the administration's reform plan would address several causes of the crisis.
David Henderson of Dru Stock describes the disbelief at the NYSE during Thursday's market sell-off. He says investors are scared, and market psychology is changing. (With video)
Henry Paulson's just-published memoir "On the Brink" recalls the financial crisis as it unfolded in the fall of 2008. Far from a gossipy tell-all, it devotes the bulk of its pages to the cautionary tale of how the world's financial system nearly collapsed -- and what he tried to do about it.
Crisis management experts say the time is now for Toyota to do everything possible to reassure the public that it's fixing the problems -- and that consumers should not lose faith in the carmaker's reputation for quality.
