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News & Updates

November 14, 2008
Europe Economy Falls Into First Recession in 15 Years

By: Bloomberg.com

Europe's economy fell into its first recession in 15 years in the third quarter, paving the way for deeper cuts to interest rates and taxes amid the worst financial crisis since the Great Depression.


November 13, 2008
Frank's Plan Gives GM, Ford, Chrysler $25 Billion

By: Bloomberg.com

-- General Motors Corp., Ford Motor Co. and Chrysler LLC would get $25 billion in loans from the Treasury's financial-rescue plan under a proposal by House Financial Services Committee Chairman Barney Frank. Legislation is needed...


November 13, 2008
Obama asks bipartisan duo to meet officials at G20

By: Reuters

President-elect Barack Obama on Wednesday named a bipartisan duo of Washington veterans to meet foreign delegations at this weekend's global financial summit, opening communication between the next U.S. administration and its...


November 13, 2008
Treasury Secretary Henry M. Paulson, Jr. Comments on Financial Rescue Package and Economic Update


By: U.S. Department of the Treasury

The actions taken by Treasury, the Federal Reserve and the FDIC in October have clearly helped stabilize our financial system. Before we acted, we were at a tipping point. Credit markets were largely frozen, denying financial...


November 13, 2008
Witnesses Call for Tighter Hedge Fund Restrictions

By: New York Times

Hours before five wealthy hedge fund managers were scheduled to appear before policy makers, two prominent academics testified that they thought hedge funds should face tighter regulation. Andrew Lo, a professor at the Sloan...


November 13, 2008
Bush Warns Against Dismantling Market Systems to Solve Crisis

By: Bloomberg.com

President George W. Bush today will urge leaders of the world's biggest industrial and developing economies not to abandon principles of free-market capitalism as they seek a way out of an international financial crisis, calling...


November 13, 2008
What to Expect From the Economic Crisis Summit

By: U.S, News and World Report

With the advanced industrial economies staring at the unnerving prospect of their collective output falling in 2009—for the first time since the World War II era—President Bush is about to host a dramatic summit aimed at charting...


November 13, 2008
Trust Me, Again

By: Forbes.com

Right or wrong, Treasury Secretary Paulson's shifting strategies put his most valuable asset--his credibility--at risk.


November 13, 2008
German Economy Enters Worst Recession in 12 Years

By: Bloomberg.com

The German economy, Europe's largest, contracted more than economists expected in the third quarter, pushing the nation into the worst recession in at least 12 years.

 


November 12, 2008
Goldman Promises to Stick to Strategy

By: The Wall Street Journal

The transformation of Goldman Sachs Group Inc. into a bank holding company won't change its strategy, according a slide presentation prepared for remarks by Chief Executive Lloyd Blankfein at an investor conference Tuesday...


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