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News & UpdatesOctober 15, 2008 New York AG Cuomo launches probe into expenditures at AIGBy: MarketWatch NEW YORK (MarketWatch) -- New York Attorney General Andrew Cuomo is conducting a probe into allegedly "unwarranted and outrageous expenditures" at American International Group Inc. (AIG:American International Group, Inc which has... October 15, 2008 Bernanke Says U.S. Economy Won't Rebound `Right Away'  By: Bloomberg Federal Reserve Chairman Ben S. Bernanke said government efforts to calm financial markets and stem the credit crisis probably won't result in an immediate economic rebound. "Stabilization of the financial markets is a critical... October 15, 2008 THE MUNICIPAL SECURITIES RULEMAKING BOARD ANNOUNCES SENIOR MANAGEMENT CHANGES PROMOTIOS AND NEW HIRE ROUND OUT EXECUTIVE TEAMBy: The Municipal Securities Rulemaking Board Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) has announced two internal promotions and one new hire in its senior management team. Harold L. Johnson has been named Deputy Executive Director and Ernesto A.... October 15, 2008 Actions to Protect the U.S. Economy Statement by US Treasury Secretary Henry M. Paulson, Jr By: U.S, Treasury Washington, DC-- America is a strong nation. We are a confident and optimistic people. Our confidence is born out of our long history of meeting every challenge we face. Time and time again our nation has faced adversity and time... October 15, 2008 FDIC Announces Plan to Free Up Bank Liquidity -- Creates New Program to Guarantee Bank Debt and Fully Insure Non-Interest Bearing Deposit Transaction AccountsBy: Federal Deposit Insurance Corporation (FDIC) The Federal Deposit Insurance Corporation (FDIC) announces a new program—the Temporary Liquidity Guarantee Program—to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior... October 15, 2008 Treasury Announces TARP Capital Purchase Program DescriptionBy: U.S. Treasury Department Washington- U. S. Treasury has announced a voluntary Capital Purchase Program to encourage U.S. financial institutions to build capital to increase the flow of financing to U.S. businesses and consumers and to support the U.S.... October 15, 2008 Treasury Requests Public Input on Establishment of Guaranty Program for Troubled AssetsBy: U.S. Department of the Treasury Washington – The Department of the Treasury has released a request for public input on an insurance program for troubled assets which is required by the Emergency Economic Stabilization Act of 2008 (EESA). The purpose of this...
October 15, 2008
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