Too Big to Fail: Let's Hope It's Just a Movie
HBO is making a movie about the 2008 crisis, called Too Big to Fail. Good idea for movie, potentially disastrous way to run a banking system. Unfortunately, that's the law of the land.
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HBO is making a movie about the 2008 crisis, called Too Big to Fail. Good idea for movie, potentially disastrous way to run a banking system. Unfortunately, that's the law of the land.
Some folks end up owing a significant amount of tax and cannot pay in a lump sum. But you may still be able to request and qualify for a payment plan......here's how to do it...
With student loan balances racing toward $1 trillion we've got a few problems that need addressing, not least are the prospects for another debt bubble and how you are going to retire when your well educated but heavily indebted offspring boomerang home.
Planning for a healthy and prosperous retirement that might last 25 years or more can be a daunting task. It makes sense to seek guidance from trained professionals for some of your most important decisions. Welcome to Week Two of my 12 week series Planning Your Retirement.
The reality for many folks who owe additional tax is that they cannot afford to pay in one lump sum and don't have access to other sources to get the cash. The IRS offers these tax payment options for folks who really need to pay over time.
The fight over raising the debt ceiling will make last week's spending debate look like child's play.
A new survey says parents would rather talk to their kids about sex and drugs and rock 'n' roll than about money. That makes sense. We may know more about those things. Here's how to have The Talk anyway.
With another 70 million or so tax returns that have yet to be filed, I'm guessing that the majority of these folks owe additional tax with their returns. But what do you do if you owe tax but don't have the cash to pay it right now?
Two simple ideas can boost your accumulated savings in your IRAs by over $100,000. Read here for details.
Are you on target to achieve your retirement savings goals? Editor-At-Large Jill Schlesinger offers advice on calculating retirement and maxing out investments to secure a healthy nest egg for your future.
Thinking of selling the house? With at least a year before I put mine on the market I called an expert to advise me on what needs to be done. Now I'm thankful for the long lead time. Here are the 9 items on my "getting ready" list.
Are you looking forward to the day when you can finally kick back, relax and collect your hard-earned retirement savings? Eric Schurenberg interviews the inventor of the 401(k), Ted Benna, about managing your funds as you ease into retirement.
Regarding skyrocketing medical costs, there's an elephant in the room that is ignored by most politicians, including the House Budget Committee: Our politicians don't want to tell Americans the ugly truth that they are unhealthy, largely due to their own behavior. Read here for details.
A jobs recovery is brewing and while landing in a new position remains a challenge, once you get there you want to make sure you get the biggest raise possible. Here are 5 tips to getting a big raise.
How much money can a married couple save over their retirement years by adopting a healthy lifestyle? One study suggests it might be $100,000 or more. Read here for details.
Some units would "possibly [be] needed in 90-120 days," according to an internal Army message reviewed by CBS News.
In a 6-3 decision, the Supreme Court sided with the Trump administration in its push to use a controversial database to review state voter rolls for potential noncitizens.
President Trump described Chinese President Xi Jinping's visit this week as "very productive," though the White House has said little about what was achieved during the summit.
Iran's president says Tehran wants a deal with the U.S. before November's midterm elections, as the regime puts an offer on the table.
With an unprecedented budget, ICE spent billions in a rush to expand its detention network, the Government Accountability Office found.
Two 20-year-olds have been arrested and charged with hazing and disorderly conduct in relation to the incident.
Ads promoting President Trump and paid for by American taxpayers are now airing on network and national cable.
A hurricane watch is in effect for Hawaii County due to the storm, which could dump up to 3 feet of rain on Hawaii's Big Island.
The anonymous woman who accused Jay-Z of sexually assaulting her said in a new court filing that she never met the rap mogul.
In a 6-3 decision, the Supreme Court sided with the Trump administration in its push to use a controversial database to review state voter rolls for potential noncitizens.
The anonymous woman who accused Jay-Z of sexually assaulting her said in a new court filing that she never met the rap mogul.
Two 20-year-olds have been arrested and charged with hazing and disorderly conduct in relation to the incident.
Democratic Sen. Tammy Duckworth of Illinois is demanding the Pentagon and Federal Aviation Administration reject President Trump's call to convert plans for a massive triumphal arch into a "top grade Military Complex."
With an unprecedented budget, ICE spent billions in a rush to expand its detention network, wasting millions in the process, the Government Accountability Office found.
Workers in physically demanding jobs should be able to collect full Social Security retirement benefits at age 60, a Michigan lawmaker says.
Investors are increasingly nervous about rising inflation, which could require the Federal Reserve to hike interest rates.
Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
Hundreds of small businesses are using the prediction market to hedge against a range of business risks, according to Kalshi. Here's how.
In a 6-3 decision, the Supreme Court sided with the Trump administration in its push to use a controversial database to review state voter rolls for potential noncitizens.
Iran's president says Tehran wants a deal with the U.S. before November's midterm elections, as the regime puts an offer on the table.
Democratic Sen. Tammy Duckworth of Illinois is demanding the Pentagon and Federal Aviation Administration reject President Trump's call to convert plans for a massive triumphal arch into a "top grade Military Complex."
With an unprecedented budget, ICE spent billions in a rush to expand its detention network, wasting millions in the process, the Government Accountability Office found.
Some units would "possibly [be] needed in 90-120 days," according to an internal Army message reviewed by CBS News.
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
New research highlights common themes shared by people who found reasons to keep living through dark times.
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
A Ukrainian nonprofit group is teaching kids to make, service and fly simple drones, to help them be "useful in the future in their country."
It might take a year before it's clear the cubs will survive the crucial period after their birth, the zoo's curator said.
Israel's embattled leader lashed out at New York's mayor in a heated U.N. address, but a veteran analyst says his real targets were Israeli voters and President Trump.
Iran's president says Tehran wants a deal with the U.S. before November's midterm elections, as the regime puts an offer on the table.
Some units would "possibly [be] needed in 90-120 days," according to an internal Army message reviewed by CBS News.
Jamaican musician Ziggy Marley shares memories of his father, Bob Marley, and discusses his new children's book, "True to Myself."
The anonymous woman who accused Jay-Z of sexually assaulting her said in a new court filing that she never met the rap mogul.
Sylvester Stallone reflected on writing his 1976 film "Rocky" in three and a half days. He told CBS Sunday Morning's Tracy Smith he had "to give credence to some sort of divine guidance" for his creative breakthrough.
Country music star Lainey Wilson spoke with "Entertainment Tonight" correspondent Cassie DiLaura about the lessons she learned from her close friendship with Dolly Parton.
Taylor Swift released four new tracks on "The Life of a Showgirl: The Encore," a deluxe edition of her latest record. Swiftie Jo Ling Kent shares her thoughts.
Tech giant Meta has a new wearable charm keychain connected to its AI chatbot, Muse. CBS News' Lauren Fichten reports.
President Trump touted his "truly great friendship" with Chinese President Xi Jinping during the state visit on Thursday even as issues like AI and trade linger. Nancy Cordes has the details, while retired Lt. Gen. H.R. McMaster also joins with his reaction.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
The Horowitz Andreessen Academy is offering students a college alternative focused on artificial intelligence. CEO Gagan Biyani joins CBS News to discuss the revolutionary idea.
Australia says an OpenAI model hacked a government website containing health information. CBS News' Jo Ling Kent reports.
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Former "American Idol" contestant and music pastor Caleb Flynn stands accused of murdering his wife. His former mistress, Alleigha Botner, testified in the trial. CBS News' Ian Lee has more details.
Dr. Idris Evans, the Pittsburgh doctor killed in a violent home invasion, is being remembered for his kindness and compassion.
Former "American Idol" contestant Caleb Flynn is on trial for allegedly killing his wife and staging an elaborate crime scene. Flynn's former mistress testified at the trial. Ian Lee has the latest details.
Robert M. Murphy Jr. is accused of sexually abusing former Wolfpack male athletes under the guise of treatment.
Constable Jeff Smith was shot several times, suffering wounds to his head and torso, but continued fending off the attack until a second officer arrived.
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
Millions are bracing for severe weather this weekend with Hurricane Nolo headed toward Hawaii and a nor'easter bringing dangerous conditions up the East Coast. CBS News' Tom Hanson and Jessica Burch have more.
Chinese President Xi Jinping wrapped his visit to Washington, D.C., on Friday, with President Trump getting blowback from outgoing GOP Sen. Thom Tillis for the red-carpet rollout Xi received. CBS News' Weijia Jiang and Anna Coren have more.
Stanford University apologized for what it called a "serious error in judgment," editing a photo of students to alter looks, race and gender. Jonathan Vigliotti reports.
Democratic U.S. Senate nominee James Talarico challenged his Republican rival Ken Paxton to a Fox News debate. CBS News' Caitlin Huey-Burns has more.