Subprime crisis impact timeline

Who or what was responsible for the worst economic crisis since the 1920s? Could it have been prevented? That is what the Financial Crisis Inquiry Commission set to find out when they interviewed over 700 people. Today they release their 576 page report.

We find out how the Federal Housing Administration is trying to weather the storm created by increased lending. We also get a first-hand look at how the housing crisis is affecting Cleveland, Ohio.

This week, the U.S. Treasury Department will unveil a new $35 billion mortgage relief plan to stabilize the housing market. New York Times reporter Louise Story looks at who the funds will go to and who could reap the benefits.

Treasury Secretary Henry Paulson announced an $800 billion rescue plan that includes a commitment of funds to increase the availability of student loans, auto loans and credit cards. Are small and mid-level banks finally getting a bailout of their own?

The Treasury Department is in talks with Fannie Mae and Freddie Mac seeking ways to help drive down mortgage rates. But it is unclear how much the plan might help. Guest: Cristian deRitis, director of Credit Analytics Group at Moody’s Economy.com