Fed uses rare moves to steady shaky financial system
The Federal Reserve plans aggressive rate cuts to 2 percent, aiming to calm spreading financial fires after Bear Stearns collapse. Bush and top officials convened as the Dow fluctuated and credit markets tightened. The Fed also opened direct loans to big investment houses and backed a $30 billion Bear Stearns takeover, signaling extraordinary actions to avert a deepening recession.
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Washington
Federal Reserve
Bush
Fed
Ben Bernanke
Treasury
Henry Paulson
Securities and Exchange Commission
Christopher Cox
Wall Street
Dow Jones
Bear Stearns
Mark Zandi
Moody's Economy.com
U.S
Brian Bethune
Global Insight
Bernanke
Senate
Harry Reid
D-Nev
Jpmorgan Chase & Co
Bear Stearns Cos
Jpmorgan
Bethune
Main Street
Obama to address Wright fallout on race in speech
In Philadelphia Obama plans to address Rev Wright's remarks and the race issue in his campaign while condemning the pastor's statements as wrong. He will contrast Wright's views with his own, arguing the caricature of Wright is inaccurate and noting broader race perceptions in the black church community. Durbin says Obama not responsible for Wright.
MENTIONED IN THIS ARTICLE
Federal Reserve
Paulson
Bear Stearns
Bush
Hillary Rodham Clinton
Barack Obama
House
Nancy Pelosi
D-Calif
Fed
Obama
Center Township
National Constitution Center
Philadelphia
Chicago
Jeremiah A. Wright Jr
Wright
Pittsburgh
Trinity United Church of Christ
United States
U.S. of
K.K.K.A
America
Illinois
Dick Durbin
Durbin
Constitution Center
Clinton
Howard Wolfson
Community College of
Beaver County
Iraq
Paterson sworn in as New York governor in unity tone
Albany ceremony elevates David Paterson as first black chief executive and second legally blind U S governor amid Spitzer scandal. Lawmakers cheered as Paterson pledged to move forward while Spitzer remained at his Columbia County farmhouse.
MENTIONED IN THIS ARTICLE
Albany
N.Y
David Paterson
Paterson
Eliot Spitzer
Spitzer
Exaides
Columbia County
David
Associated Press
Teddy Pedersen
Star Ledger
Newark
The
New York Post
Pedersen
McGreevey
Dina Matos McGreevey
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D-Ill
Society of Irish Women
St. Patrick's Day
Scranton
New York
Trenton
N.J
New Jersey
Jim McGreevey
District of Columbia
Supreme Court
Georgetown University Law
Randy Barnett
Parkway Estates
Illinois Centre
A.j.’S
Liberty Village
Marion
Donna
Illinois Centre Mall
Williamson County Parkway
Libertyvillageofmarion
Southern
Lattuca Electronic Service
Www
Lattucaelectronics.com
Church & Home Organs
Sony
Philips
RCA
Hitachi
Toshiba
JVC
Pioneer
N. Vicksburg
Barrett Spinal Health and Wellness Center
Southern Illinois
Barrett
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