AP - The Treasury Department has picked two financial institutions to manage a program it unveiled last month to provide support for beleaguered mortgage-backed securities.
Treasury set to dish out financial rescue funds (AP)
AP - The Treasury Department will start doling out $125 billion to nine major banks this week to get credit flowing again, giving a lift to U.S. markets on rising confidence that the...
Greenspan: Free Market Ideology Flawed
Is this stunning? Not really. I mean, it’s not like Greenspan has claimed the free market ideology is flawless. However… This admission by one of the biggest players in the...
Complicated Reverse Auction May Aid In Bailout
One key part of the $700 billion rescue plan requires the government to take "toxic assets" off the books of financial institutions. The Treasury Department has said it will use market...
Dow Dips Below 10,000
It’s currently below the 9,900, a 4%+ loss. Why is this happening? My best guess is it’s because Europe is feeling a big pinch too… European nations scrambled further Monday...
House Passes Economic Rescue Bill 263-171
Looks like those 100 Republicans still stood firmly in opposition even though it was widely known that the credit markets AROUND THE WORLD had frozen up and there was absolutely nothing that...
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