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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: Economy, Business and Finance, Financial Markets, Lehman Brothers Holdings Inc., Mortgages, Freddie Mac
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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: Bank of New York Company, Ben Bernanke, Insurance, Financial Markets, Economy, Business and Finance
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Obama: AIG stands for....
Spin CycleEarlier today, we noted that McCain's performance on AIG was not exactly confidence inspiring because 24 hours ago he opposed a bailout of AIG, and today he supported it. But that means that if he had been president, giving orders...... -
Albany: Smith calls for special session
Spin CycleJames Madore in Albany reports: State Senate Minority Leader Malcolm Smith called Tuesday for the Legislature to reconvene in a special session to tackle the crisis on Wall Street. Smith (D-Queens) asked Senate Majority Leader Dean Skelos (R-Rockville...Tags: David A. Paterson, Lehman Brothers Holdings Inc., Rockville (Bethlehem, Pennsylvania), Rockville (Montgomery, Maryland), Queens (New York City)
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Economy dominates Obama, McCain
The Swampby Jill Zuckman and John McCormick GRAND RAPIDS, Mich.--The nation's economic distress soaked up the presidential candidates' attention again Wednesday as each tried to persuade voters that only he could get the financial markets back on track in order...Tags: Franklin Delano Roosevelt, Corporate Crime, Insurance, Lehman Brothers Holdings Inc., John McCain
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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: Financial and Business Services, Debt Market, George W. Bush, Economy, Business and Finance, Heads of State
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Bush: Economy's 'pivotal moment'
The Swampby Mark Silva Capping a week of extraordinary government intervention in an economy in crisis, President Bush today endorsed new federal measures to make money more readily available for loans by banks and other financial institutions, and struggled to...Tags: Financial and Business Services, Ben Bernanke, Securities, George W. Bush, Heads of State
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Paulson: 'Lenders have to keep lending'
The Swampby James Oliphant Testifying before the Senate Banking Committee, Treasury Secretary Henry Paulson addressed two lingering criticisms of his agency's bailout plan. Sen. Richard Shelby, a critic of the plan, asked Paulson why the investment banks and other...Tags: Richard Shelby, Freddie Mac, Henry Paulson, Fannie Mae
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Bailout's failure on Paulson's head?
The Swamp(Photo: SAUL LOEB/AFP/Getty Images) by Frank James As the fingerpointing continues following the House's failure to pass the $700 billion bailout, a lot of blame is going to Treasury Secretary Henry Paulson Jr. for first trying to run roughshod......Tags: Government, Newt Gingrich, Morgan Stanley Dean Witter & Company, $700 Billion Bank Bailout (2008), Lehman Brothers Holdings Inc.
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Crisis: McCain says mark-to-market suspended
Spin CycleMcCain's campaign sends out an e-mail praising the SEC for dropping "mark to market" rules -- financial accounting rules that essentially require that securities that have lost value be written down to their actual value instead of being carried at......Tags: Prices, Newt Gingrich, Ben Bernanke, JPMorgan Chase & Co., Securities
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For veep debate, the pressure's on Biden
The SwampBy James Oliphant WILMINGTON, Del.--Joe Biden walked into the Pit Tuesday. As a metaphor for his upcoming debate with Sarah Palin, you could do worse. But this was the Charcoal Pit, a mom-and-pop diner north of the city and Biden......Tags: Katie Couric, Joe Biden, George W. Bush, Restaurant and Catering Industry, Sarah Palin
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AIG wasting your money on Mark Penn
Spin CycleFlush with help from the taxpayers, guess who AIG is spending your money on? Fresh from the scandal of spa trips for its big performers and pledging to watch its p's and q's, AIG has signed public relations firm......Tags: Contracts, Public Relations, Mark Penn, Politics, State Budgets
Sep 14, 2008
|Blog| Chicago Tribune
Sep 17, 2008
|Blog| Chicago Tribune
Sep 17, 2008
|Blog| Newsday
Sep 16, 2008
|Blog| Newsday
Sep 18, 2008
|Blog| Chicago Tribune
Sep 20, 2008
|Blog| Chicago Tribune
Sep 19, 2008
|Blog| Chicago Tribune
Sep 23, 2008
|Blog| Chicago Tribune
Sep 30, 2008
|Blog| Chicago Tribune
Sep 30, 2008
|Blog| Newsday
Sep 30, 2008
|Blog| Chicago Tribune
Oct 23, 2008
|Blog| Newsday
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