credit crunch

The numbers back up what small business owners have been saying for two years: Main Street suffered a brutal credit crunch.

One day after Goldman Sachs' CEO apologized for his bank's role in the financial meltdown, Treasury Secretary Tim Geithner called on the nation's financiers to step up and do more to fix the damage they helped cause.

Former Federal Reserve Chairman Alan Greenspan said the credit crunch should be over by now. But just ask anyone who has tried to get a loan recently, and they'll tell you a different story.

Credit cards have gotten a bad rap as people blame them for rising debt and the credit crunch. But commentator Meghan Daum says plastic can be great if needed.

The credit crunch may be threatening the local auto industry but it's creating opportunity for at least one local film-industry firm. S3 Entertainment Group has created a $10 million financing fund for film productions in Michigan called, surprise, Michigan Film Finance.

Finance companies have cut back on loans and become stingier with leases. But for consumers, the credit crunch may have a silver lining.

Businesses aren't the only ones squeezed by the credit crunch. State governments rely on short-term loans to keep services running.

Jeff Tyler reports on the situation in California and Massachusetts.

Money for loans is available; it's just that it costs a lot of money to borrow it. So, for many businesses, the credit crunch is very real.

Mitchell Hartman reports.

When the credit crunch hit about a year ago, Wall Street was just recovering from losing thousands of jobs to recession and the World Trade Center attacks in 2001.

Amy Scott reports on how the latest downturn is affecting the rebuilding effort.

When the credit crunch hit about a year ago, Wall Street was just recovering from losing thousands of jobs to recession and the World Trade Center attacks in 2001.

Amy Scott reports on how the rebuilding effort is doing amid the economic downturn.