News Stories Related To: Financial Crisis threatens to become the Perfect Storm
By: MarcusCato 
According to the NYT, when the Bush administration brought out its $700 billion bailout two weeks ago, its sheer size was meant to restore confidence nationally and globally. But...
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Reported by MarcusCato
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- News Source: Inquirer.net | about 1 year agoUS stocks fell for a sixth straight session on Wednesday, as a coordinated worldwide cut in interest rates failed to alleviate fears about a global recession. It was a session of wild swings, with no clear direction determined until the final minutes.
- News Source: MarketWatch | about 1 year agoTreasury Secretary Henry Paulson on Wednesday, as released by the Treasury...Last Friday Congress finalized and President Bush signed into law the bipartisan Emergency Economic Stabilization Act...Although we are facing particularly difficult...
- News Source: AFP | about 1 year agoUS Treasury Secretary Henry Paulson said Wednesday that more financial firms were expected to go bankrupt in the United States despite a massive government bailout plan approved last week. "One thing we must recognize -- even with the new Treasury...
- News Source: International Business Times | about 1 year agoSen. Charles Schumer, D-N.Y., made the suggestion in an e-mail after the British Treasury said it would invest as much as $90 billion in exchange for preferred shares in eight of the country's largest banks and building societies. Schumer--whose...
- News Source: Alternet | about 1 year agoNow that the government has been terrified into rubber-stamping the Wall Street bailout, what happens now? I wish the news were better, but in my opinion, here's the most likely scenario: * Hank Paulson & Co. survey the banking industry and decide...
- News Source: Washington Post | about 1 year agoMeeting in Luxembourg amid calls for a more coordinated response to the crisis, the ministers failed to come to terms on any broader proposals beyond raising the deposit guarantee from the current 20,000 Euros ($27,000). The ministers, representing...
- News Source: Honolulu Advertiser | about 1 year agoThe devastating financial flu that has sent the American economy reeling is contagious, making the rest of the world look sick too. Stock markets yesterday plunged from Tokyo to New York to Frankfurt, as the economy suffered a global crisis of...
- News Source: Voice of America | about 1 year agoStock markets in the Asia-Pacific region show signs of both concern and optimism Tuesday, one day after exchanges dropped sharply across the world. While Japan's key Nikkei index lost three percent Tuesday on top of a four-percent drop Monday,...
- News Source: Money Morning | about 1 year agoajor indices around the world plunged yesterday (Monday), as the credit crisis picked up momentum in Europe and markets in Asia began bracing for a deep recessionary environment in the West. The Dow Jones Industrial Average careened below 10,000...
- News Source: The Hindustan Times | about 1 year agoIn early trading in New York, the Dow Jones Index was off 3.2 per cent, slipping below 10,000 for the first time in four years. Germany's DAX lost 5.1 percent to 5503 in a new Black Monday. The Nikkei 225 Stock Average fell by 4.25 percent to 10,473,...
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