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White House mum on financial session
The Swampby Mark Silva The White House apparently had no interest in any market-moving today. An afternoon meeting of the president's Working Group on Financial Markets was supposed to offer some coverage by pool reporters. But, as President Bush, Treasury...Tags: Government, National Government, White House, Politics, Ben Bernanke
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August prices fall, a first in nearly 2 years
The Swampby Frank James The Federal Reserve's board of governors are meeting today and, boy, do they ever have a lot to discuss. There are all the events of recent days to mull over -- Lehman Brothers's insolvency, Bank of America's......Tags: Money and Monetary Policy, Economy, Business and Finance, Lehman Brothers Holdings Inc., Petroleum Industry, Bankruptcy
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Lehman (and Wall Street) on the brink?
The Swampby Frank James Sounds like the talks being held this weekend to save one of Wall Street's most important firms, Lehman Brothers, are disintegrating. Barclays Bank, the giant British financial services company, was in negotiations moderated by the...Tags: The New York Times, Derivative Securities, Mortgages, Lehman Brothers Holdings Inc., Bankruptcy
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Greenspan: recession odds over 50-50
The Swampby Frank James, updated at 12:39 pm ET with transcript Former Federal Reserve Chairman Alan Greenspan said chances are better than even that the U.S. and larger global economies will experience a recession. Greenspan's comments came on ABC News's "This......Tags: Freddie Mac, Radio Industry, Alan Greenspan, Mortgages, New York
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Feds throw AIG $85 billion lifeline
The Swampby Frank James Talk about throwing a head fake. Less than 24 hours after the feds appeared to be signaling to a waiting world that they had, at least for the rest of this week, sworn off any more Wall......Tags: State Budgets, Freddie Mac, Lehman Brothers Holdings Inc., Central Bank, Barack Obama
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Statements: McCain, Obama on AIG
Spin CycleThe McCain and Obama statements on the AIG bailout, after the jump.......Tags: Freddie Mac, National Government, Philosophy, Lehman Brothers Holdings Inc., Barack Obama
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Paterson: New session possible
Spin CycleFrom last night, here's Paterson's statement on the bailout of AIG, which indicates that a new special session may be necessary to deal with budget shortfalls: "The decision tonight by the federal government to provide assistance to AIG will help......Tags: Easton (Easton, Pennsylvania), New York, Lehman Brothers Holdings Inc., Politics, Ben Bernanke
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Biden on AIG bailout: 'No'
The Swampby Frank James (corrected from an earlier version which wrongly said Biden's remarks were made today. He made them yesterday.) Sen. Joe "Working-Class Hero" Biden, the Democratic presidential nominee, said yesterday in an interview we missed in real time....Tags: Political Candidates, Elections, Delaware, Financial and Business Services, Barack Obama
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Obama has AIG on his face: GOP
The Swampby Frank James Want to see how no misstep by the opponent escapes the keen opposition eyes in a presidential race? Sen. Barack Obama put out a statement today on the AIG mess in which he said, in part: "The......Tags: Republican Party, Barack Obama
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McCain walks tightrope on AIG bailout
The Swampby Frank James We knew Sen. John McCain was going to be in a tough spot this morning when it came to talking about the AIG bailout. When the feds declined to bailout Lehman Brothers earlier in the week, the......Tags: Political Candidates, Elections, National Government, Lehman Brothers Holdings Inc., Barack Obama
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Obama, McCain: One 'ahead of curve?'
The Swampby John McCormick ESPANOLA, N.M.--Democratic presidential candidate Barack Obama said Thursday he was "ahead of the curve" in calling for more regulation of the financial industry and hammered Republican rival John McCain for being a longtime opponent...Tags: Political Candidates, Dennis J. Kucinich, Elections, National Government, Iowa
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Fed economic action: 'Unprecedented'
The SwampBy Mark Silva Capping a week of extraordinary government intervention in an economy in crisis, President Bush is at once supporting unparalleled federal action with hundreds of billions of taxpayer dollars at stake and attempting to offer Americans a...Tags: Freddie Mac, Credit and Debt, National Government, Financial and Business Services, Heads of State
Sep 16, 2008
|Blog| Chicago Tribune
Sep 16, 2008
|Blog| Chicago Tribune
Sep 14, 2008
|Blog| Chicago Tribune
Sep 14, 2008
|Blog| Chicago Tribune
Sep 17, 2008
|Blog| Chicago Tribune
Sep 17, 2008
|Blog| Newsday
Sep 17, 2008
|Blog| Newsday
Sep 17, 2008
|Blog| Chicago Tribune
Sep 17, 2008
|Blog| Chicago Tribune
Sep 17, 2008
|Blog| Chicago Tribune
Sep 19, 2008
|Blog| Chicago Tribune
Sep 20, 2008
|Blog| Chicago Tribune
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