Now Wall Street may shun $700bn bail-out Fears are mounting that many Wall Street banks and financial firms will refuse to participate in the US government’s $700bn bail-out package, leaving global markets and world economies in a perilous state for months to come. …
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Paulson Taps Adviser to Run Rescue
Paulson tapped key adviser Neel Kashkari to oversee Treasury's $700 billion program to buy distressed assets from financial institutions.…
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How to Build Credit So You Qualify for a Home Loan
My husband and I are completely debt free right now. However, we are wanting to buy a house in the future and I see that as quite probably requiring a loan. What should I do to make sure that we don't get dinged for having no credit? …
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Dow Falls Below 10,000
Despite the ballyhooed $700 billion (actually, with pork it’s closer to $852 billion) bailout deal, for the first time in four years, the Dow falls below 10,000: Investors around the world have come to the sobering realization that the Bush administration’s $700 billion rescue plan won’t work quickly to unfreeze the credit markets. …
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Bailout! The Musical
Having as hard a time as everyone else in the world at figuring out what the hell is going on with our economic crisis so that you can figure out who to blame? New Yorker editor Ben Greenman's piece of economic musical theater (that might be the first time those three words were ever used together) might help you out. …
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A Look At Wall Street's Shadow Market
Steve Kroft reports how some of Wall Street's arcane financial instruments have magnified the current economic crisis.…
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Germany tries to shore up confidence in economy
The German government said that it would guarantee private savings accounts as European leaders met over the weekend to respond to the widening credit crisis.…
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Officials pledge to move quickly on rescue
WASHINGTON (AP) -- The Treasury Department moved swiftly Monday to implement the financial rescue package, naming a former Goldman Sachs executive to oversee spending the $700 billion earmarked for the plan and pledging to work with other countries to…
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