First the plan, then my money
September 24th, 2008 piotr zukowskiBernanke and Paulson say something terrible will happen unless we hand over $700 billion, fast. But that alone sounds pretty terrible.
Bernanke and Paulson say something terrible will happen unless we hand over $700 billion, fast. But that alone sounds pretty terrible.
Goldman Sachs is getting a $5 billion investment from Warren Buffett, marking one of the biggest expressions of confidence in the financial system.
Bank investor Christopher Flowers received approval from federal banking regulators to acquire the First National Bank of Cainesville in Missouri.
Three Lehman executives sold a combined $684,136 of Lehman stock last week in the wake of the company’s bankruptcy filing.
The government’s quick response to the crisis promised to extend Washington’s oversight and could reshape its relationship with the economy.
Bernanke and Paulson faced a cold reception at a hearing over the plan. The Fed chief said inaction may lead credit markets to seize up further.
ImClone derided a higher bid by Bristol, while the sweetened offer appeared to gain little traction among ImClone stockholders.
GMAC will sell its home-services unit to Canada’s Brookfield Asset Management as the company continues to retreat from the home market.
Business activity in the euro currency zone is falling sharply, adding to evidence that Europe’s economy is flatlining.
Russia’s Bank for Development and Foreign Economic Affairs said it is taking over Svyaz bank, in the latest sign the country’s financial sector has been seriously hit by the global crisis.