Help On The Way For Housing Crisis

16 Sep 2008

Fed Meets Today About Interest Rates

The Federal Reserve meets to discuss interest rate policy, after a terrible day on Wall Street Monday. Stocks plunged on news that investment bank Lehman Brothers filed for bankruptcy and Bank of America bought Merrill Lynch.

"… Some economists and analysts think the Fed should cut interest rates to ease investors' nerves but will way. -- tough decision ahead for the ahead after a tough day on Wall Street. The Dow lost more than 500 points Monday turning in its worst performance in seven years. It marked today of turmoil after the fall of two like Condit Wall Street banks Lehman Brothers filed for bankruptcy and Merrill Lynch was sold to Bank of America. The long run confident that -- capital markets are flexible and resilient. Can deal with these adjustments. President Bush tried to ease fears and today Atlanta meeting with his working group on financial markets that includes Treasury Secretary Henry Paulson who …" at 0:00

1 Spoken Highlight

1:20

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11 Jul 2008

Mortgage Firms Free-Falling

The government's top financial minds are asking for more power to prevent a future crisis. At the same time, they're trying to sound optimistic as top mortgage lenders are seeing stocks tumble.

"… the economy. Today the president meets with his economic team is the Energy Department and White House officials say it's by design it's. …" at 0:09

"… economy from advisers. -- meeting comes after treasury secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke testifying on Capitol Hill. The system is broken. But because he's an improvement in execution both policy makers call for legislation to revamp the nation's financial system to prevent a future economic crisis like the Fed backed takeover of the investment firm Bear Stearns earlier this year so to avoid doing it again we want to have. Things in place. That will make it a necessary. Bernanke and Paulson so they need more tools at their disposal recommending greater power for the Fed and oversight of Wall Street firms their testimony comes as new fears arise about the housing market and concerns that government backed mortgage firms Fannie Mae and …" at 0:31

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1:39

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14 Jul 2008

Help On The Way For Housing Crisis

The federal government is throwing a lifeline to the nation's two biggest lenders, who have seen stocks plummet recently. Meanwhile, it's also planning a crackdown on the culprit of the crisis: shady lending practices.

"… It's the second time this year government officials -- scrambled over the weekend to put together a rescue package as it did this spring with investment firm Bear Stearns. The news also comes as the that prepares to unveil new rules today to protect home buyers from shady lending practices and I. Think you'll be very effective in addressing some of these issues. Minerals are designed to help …" at 0:52

"… Both companies say they welcome the help but government officials are quick to point out this is not a bailout. To prevent a major markets like today a major announcement from secretary …" at 0:00

"… last week their stocks plunged nearly 50%. In an unprecedented move the Federal Reserve announced that for the first time it would make loans available to them if they prove necessary. And Paulson called on congress …" at 0:29

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1:24

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