How Bernanke’s Policy of ‘Credit Easing’ Works (BusinessWeek)
Written by Admin on Friday, January 30th, 2009 in Uncategorized.
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Archive for January, 2009
Geithner Says Plan for Banks Is in the Works (New York Times)
Written by Admin on Friday, January 30th, 2009 in Uncategorized.
As lawmakers pressed the Obama administration for details of how it would assist financial firms that have been rapidly deteriorating, Treasury Secretary Timothy F. Geithner said Wednesday the administration is working on a comprehensive plan to “repair the financial system.”
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Cheaper cars — but still ways to save (CNN)
Written by Admin on Friday, January 30th, 2009 in Uncategorized.
Cars are such a deal right now that you might feel you are stealing when you buy one. Dealers have no customers, regardless of the price point, brand, style or size. Americans are afraid to buy because of the scary headlines and the times we are in right now.
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Wachovia Acquisition Drags Down Wells Fargo (New York Times)
Written by Admin on Thursday, January 29th, 2009 in Uncategorized.
Wells Fargo ’s $2.55 billion fourth-quarter loss on Wednesday is the first sign that its hurried acquisition of the troubled Wachovia Corporation would be a long and difficult struggle.
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Obama Records Pledge Tested By Citigroup Guarantees (Bloomberg via Yahoo! News)
Written by Admin on Thursday, January 29th, 2009 in Uncategorized.
Jan. 29 (Bloomberg) — U.S. government guarantees on securities totaling $419 billion for bank bailouts provide an early test of President Barack Obama’s pledge to be open with taxpayers about what they have at risk in the credit crisis.
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Obama’s Open Records Pledge Tested Over Citigroup Guarantees (Bloomberg)
Written by Admin on Thursday, January 29th, 2009 in Uncategorized.
Jan. 29 (Bloomberg) — U.S. government guarantees on securities totaling $419 billion for bank bailouts provide an early test of President Barack Obama ’s pledge to be open with taxpayers about what they have at risk in the credit crisis.
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Fed signals low rates will continue (International Herald Tribune)
Written by Admin on Wednesday, January 28th, 2009 in Uncategorized.
The Federal Reserve signaled that it would expand its use of unconventional measures to directly prop up lending.
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Fed Signals It?s Ready to Expand Assistance as Needed (New York Times)
Written by Admin on Wednesday, January 28th, 2009 in Uncategorized.
Conceding that the economy is still spiraling downward on most fronts, the Federal Reserve signaled that it would expand its use of unconventional measures to directly prop up lending.
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With no room to cut rates, Fed looks to other remedies (McClatchy Newspapers via Yahoo! News)
Written by Admin on Wednesday, January 28th, 2009 in Uncategorized.
WASHINGTON — The Federal Reserve on Wednesday kept its benchmark lending rate near zero and said that it’s likely to stay that way for some time, as it also signaled new efforts to lower home-mortgage rates.
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Canadian Oil, Magna, Open Text, TD Bank: Canada Stock Preview (Bloomberg)
Written by Admin on Wednesday, January 28th, 2009 in Uncategorized.
Jan. 27 (Bloomberg) — Shares of the following companies may have unusual fluctuations in Canadian trading tomorrow. Stock symbols are in parentheses and prices are from the previous close.
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