Elsewhere on The Exxchange: Bailout | TARP | Ben Bernanke | Henry Paulson | Federal Reserve | SEC | FDIC |
National Review Online Blogs (article.nationalreview.com) has great United States Department of the Treasury news, photos, videos and more
Stocks are up over 900 points today, a record-breaking one-day rally. Good news is coming from the four corners of the world as the U.S., G-7, and G-20 are all working to stem the global banking crisis and credit freeze-up. Most importantly, the Europeans and the Brits got out in front of the cur...
Morgan Stanley economist David Greenlaw thinks the only way to lower the interbank rate (the rate at which banks lend money to each other; it's a component of that scary TED spread Jim M. mentioned earlier) and unfreeze the credit markets is to have the U.S. government guarantee all U.S. bank de...