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Fed's Emergency Loan Program Increases Activity
The Federal Reserve boosted its lending to commercial banks and investment firms over the past week, indicating that a severe credit crisis was still squeezing the financial system.
WBKO.com  –  Nov 29, 2008 02:52 AM [GMT]  –  comment?
found in Local: Kentucky: Bowling Green
Leading article: A nation in danger of drowning in a sea of debt
The global economic storm continues to rage and national governments seem about as commanding in these conditions as small boats tossed around on a tumultuous sea. The week began with an emergency bailout of Citigroup, the world's biggest bank, by the United States Treasury. A few days later th ... more »
The Independent  –  Nov 29, 2008 12:00 AM [GMT]  –  comment?
found in Politics: Opinions
Trust Me, Money Is About More Than Currency
The Treasury Department and the Federal Reserve are spending billions of dollars to stabilize the economy. But where is that money coming from? NPR's Adam Davidson gives Steve Inskeep a lesson on money: It's more than currency — it's about trust and relationships.
NPR.org  –  Nov 28, 2008 3:14 PM [GMT]  –  comment?
found in Business
Circle BMW Reacts To New Term Assed-Backed Securities Loan Facility
The US Treasury Department announced a new program to increase the availability of auto loans. The Federal Reserve will establish a $200 billion loan for the auto industry which is expected to facili... [WebWire - Friday, November 28, 2008]
WebWire  –  Nov 28, 2008 3:06 PM [GMT]  –  comment?
found in Top Stories: Press Releases
Fed approves purchase of Merrill Lynch
WASHINGTON, Nov. 27 (UPI) -- The U.S. Federal Reserve Board has agreed to allow Bank of America Corp. to purchase New York bank Merrill Lynch & Co.
United Press International  –  Nov 27, 2008 8:54 PM [GMT]  –  comment?
found in Business
Bank of Korea arranges currency swap
SEOUL, Nov. 27 (UPI) -- The Bank of Korea said Thursday it would receive $4 billion through a U.S. Federal Reserve currency swap to shore up the won.
United Press International  –  Nov 27, 2008 7:02 PM [GMT]  –  comment?
found in Business
Obama picks Volcker as economy adviser
CHICAGO (Reuters) - U.S. President-elect Barack Obama on Wednesday named former Federal Reserve Chairman Paul Volcker to chair a new panel to advise him how to stabilize financial markets and navigate a potentially painful recession.
Reuters  –  Nov 27, 2008 1:18 PM [GMT]  –  comment?
found in Politics
S.Korea to make first use of US currency swap deal
SEOUL, South Korea (AP) -- The Bank of Korea said Thursday that local banks will have their first chance to utilize a currency swap deal with the U.S. Federal Reserve aimed at alleviating a dollar shortage caused by the global credit crunch....
AP  –  Nov 27, 2008 05:13 AM [GMT]  –  comment?
found in Business
Managing Economic Team Will Be a Challenge for Obama
Barack Obama's appointment yesterday of former Federal Reserve chairman Paul A. Volcker to the growing team advising him on the nation's deepening financial crisis only heightens a central leadership challenge the president-elect will face: how to manage a stable packed with big brains and ... more »
Washington Post  –  Nov 27, 2008 05:00 AM [GMT]  –  comment?
found in Politics
SKorea to make first use of US currency swap deal
AP - The Bank of Korea said Thursday that local banks will have their first chance to utilize a currency swap deal with the U.S. Federal Reserve aimed at alleviating a dollar shortage caused by the global credit crunch.
Yahoo!  –  Nov 27, 2008 03:14 AM [GMT]  –  comment?
found in Business: Economy