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| FACTBOX: A week that changed Wall Street and |
| Saturday, September 20, 2008 |
FACTBOX: A week that changed Wall Street and small business loan guarantee beyond - Reuters NEW YORK (Reuters) - Wall Street's landscape was transformed in the past week and small business loan guarantee the government made an unprecedented intervention to prop up chaotic financial markets. Here is a chronology of key events in probably the most tumultuous seven days in Source: www.reuters.com Billions for Wall Street bailout will handcuff next president - Detroit Free Press WASHINGTON The next president will take office in January with little hope of getting his pet programs enacted quickly, if at all, because of already-massive budget deficits likely to balloon even further from the hundreds of billions expected to Source: www.freep.com Big bailout: Where things stand - CNN Money NEW YORK (CNNMoney.com) -- The federal government is on the verge of instituting the most sweeping intervention in the financial markets since the Great Depression. Details remain scarce as the Bush administration and small business loan guarantee Congress work to hammer out the Source: money.cnn.com Lending's Blind Spot - Washington Post Global stocks have experienced wild fluctuations this week in the wake of the U.S. government's seizure of insurance giant American International Group, the failure of Lehman Brothers, the disappearance of Merrill Lynch as an independent company and small business loan guarantee Source: www.washingtonpost.com Bush unveils $500-billion plan to end loan crisis - Detroit Free Press WASHINGTON -- Struggling to stave off financial catastrophe, the Bush administration laid out a radical bailout plan Friday with a jaw-dropping price tag -- a takeover of a half-trillion dollars or more in worthless mortgages and small business loan guarantee other bad debt held Source: www.freep.com
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| posted by @ Saturday, September 20, 2008 |
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