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Central Bank

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Top Central Bank Articles

Displaying items 12-22
  • Feds throw AIG $85 billion lifeline

     
    by 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......
  • Gov. Paterson: All politics is local

     
    All politics is local -- and Paterson remembers the lesson today. In a smart move, as Congress and the WH hash out an unprecedented $1 trillion federally backed facility to take over bad mortgages from banks, Paterson writes Treasury's Paulson......
  • Obama, McCain: Cautious in econ-crisis

     
    by Mark Silva Count both Barack Obama and John McCain, the candidates for president, as avowedly cautious in the face of the $700 billion bailout that the Bush administration proposes for banks and other financial institutions holding bad mortgage debts.....
  • Wall St feels tightening fed grip

     
    by Frank James The not-so-invisible-hand of Washington reached out on Sunday and snatched the last two remaining big Wall Street investment banking firms into the world of increased federal regulation with the announcement that Morgan Stanley and...
  • Bailout: 110-page rescue: 'Now the votes'

     
    by Mark Silva and updated at 8:30 pm The 110-page bailout - the one offering the nation's "clogged'' financial markets a $350-billion purchase of bad mortgage debt and then another $350 billion if Congress buys it again - is ready......
  • Money's cheaper but trust is still a bust

     
    by Frank James Federal Reserve Chairman Ben Bernanke hinted yesterday in a speech he gave to business economists that the central bank was disposed to another interest-rate cut because of the economy's weakness. We didn't have long to wait.......
  • Credit crisis fixes: Six ideas here

     
    by William Neikirk A major economic stimulus package, including funds to rebuild the nation's infrastructure, is shaping up as one of the top ideas for responding to the worst financial crisis since the 1930s. Asked to name key measures that......
  • Bush, Europeans: World U.S.-view dim

     
    by Mark Silva At Camp David today, on a glorious, crisp fall day in the Maryland mountains in the midst of an international financial meltdown, President Bush huddled with the president of France, Nicolas Sarkozy, and the leader of the......
  • Bush: Economy 'can rebound quickly'

     
    by Mark Silva President Bush, who will convene a summit of world leaders on the economic crisis with a dinner at the White House on Friday and meetings on Saturday, will spell out his goals today in an address to......
  • Obama picks Geithner for Treasury

     
    New York Federal Reserve President Tim Geithner gestures as he makes a point to Federal Reserve Chair Ben Bernanke on Oct. 15, 2008. (AP Photo/Mark Lennihan) by Frank James The Wall Street Journal is reporting that President-elect Barack Obama......
  • Obama presser: The econ team

     
    Obama just announced, as expected, NY Fed official Tim Geithner (left) as Treasury Secretary and Larry Summers (right), former Treasury secretary and Harvard president, as the chief White House economic advisor. Their relative status? He described...