Bernanke: economic woes nothing like Depression (Reuters)

Fed says it will buy mortgage-related assets (AP)
AP - The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis.

Bush urges countries to avoid protectionism (AP)
AP - President George W. Bush, attending his final global summit at a time of severe financial crisis, urged other countries on Saturday not to repeat mistakes that turned a similar calamity...

GMAC files with Fed for bank holding status (AP)
AP - GMAC Financial Services has applied to the Federal Reserve to become a bank holding company, which would allow General Motors' financing arm to be eligible for aid under the Treasury's...

Fed sharply lowers forecasts, hints of rate cut (AP)
AP - The Federal Reserve on Wednesday sharply lowered its projections for economic activity this year and next, and signaled that additional interest rate reductions may be needed to help...

Wall Street falls, unable to shake economic woes (AP)
AP - Wall Street's initial enthusiasm about a $586 billion Chinese stimulus package fizzled Monday, as investors caved in to anxieties about how U.S. companies will survive a severe pullback...