Feds, Banks Seek Lehman Deal by Tonight

Related Newser Stories

• Fed Won't Say Where $2T in Loans Went

  Nov 10, 08 12:54 PM CST
  The Federal Reserve has lent more than $2 trillion to financial institutions under programs without congressional oversight—and will not disclose to whom or under what terms, Bloomberg reports. The loans are separate from the $700 billion congressionally approved bailout package. Investors and citizens are concerned that the collateral given in these unregulated programs could be improperly valued. More »

• Where Is Wall Street's Leadership in This Mess?

  Oct 14, 08 12:53 PM CDT
  It’s easy to criticize Hank Paulson, writes Steven Pearlstein for the Washington Post—for not predicting the depth and breadth of the crisis as subprime mortgages went sour a year ago, for letting Lehman Brothers fail, or for taking his lead from the UK this weekend. But Paulson and others in the government have shown admirable leadership—"Wall Street, by contrast, has served up a nothing sandwich."
  More »

• Fed Weighs Emergency Rate Cut

  Oct 2, 08 9:28 AM CDT
  Mounting fears that the credit crisis and continually worsening economic data will push a stagnant US economy into a severe recession has spurred the Federal Reserve to consider cutting interest rates from their current 2%, the Wall Street Journal reports. Even if the House follows the Senate in passing the $700 billion bailout, some action is likely. More »

• For Buffett, Goldman Deal Was a Snap

  Sep 25, 08 10:29 AM CDT
  Billionaire Warren Buffett has been getting a lot of calls lately from struggling Wall Street firms looking for a savior, from Bear Stearns to Lehman Brothers to AIG. He’s turned them all down, the Wall Street Journal reports, but when Goldman Sachs called Tuesday, the Oracle of Omaha ponied up $5 billion within hours, on a gut feeling that Goldman was a survivor. "I didn't see a book," he says, "I just made a judgment."
  More »

• Bush Will Address Public Tonight on Bailout

  Sep 24, 08 12:14 PM CDT
  President Bush will address the nation tonight on the proposed $700 billion Wall Street bailout, CNN reports, in hopes a televised speech could sway reticent lawmakers into quick action. The 9pm EDT speech will come after a second day of Treasury chief Henry Paulson and Federal Reserve chair Ben Bernanke explaining the plan to Congress.
  More »