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Text of statement by Treasury Secretary Paulson

Source: MarketWatch

Washington : DC : USA | about 1 year ago

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Treasury 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 circumstances,...

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Dow Drops Below 9,000 Mark

News Source: Washington Post | about 1 year ago

The market has been dominated by volatile trading and already endured six straight days of losses as policymakers struggle to address the financial crisis and convince lenders to stop hoarding cash and lend to each other. Investors largely shrugged...
Sector Snap: Bank stocks mostly fall

News Source: International Business Times | about 1 year ago

The aim of such a move would be to help loosen the credit markets and encourage lending among banks and to consumers. An administration official, who spoke late Tuesday on condition of anonymity because no decision has been made, said the $700...
Treasury May Take Ownership Of Some Banks

News Source: National Public Radio | about 1 year ago

Day to Day , October 9, 2008 · Even after passing the $700 billion rescue plan, the government is searching for more ways to instill confidence in America's banking system. The Treasury Department is now considering taking ownership stakes in...
Wall St, European markets sink again

News Source: Wellington Dominion | about 1 year ago

The US ban on short selling has also ended, so shorting on the bear market is once more playing its part in knocking share prices. Central banks from London to Washington and China were forced to reduce interest rates this week in an effort to unlock...
U.S. Treasury considers part-ownership of banks

News Source: International Herald Tribune | about 1 year ago

The market for medium term funding is currently frozen across the globe, with potentially serious economic consequences," Prime Minister Gordon Brown wrote in a letter to the French president, Nicolas Sarkozy, who currently holds the EU's rotating...
Bush, G7 to hold crisis talks

News Source: The Mercury | about 1 year ago

Bush called today for global coordination to battle the world economic meltdown and scheduled weekend crisis talks with finance ministers from major wealthy democracies. Speaking after meeting at the White House with Slovak President Ivan Gasparovic,...