whitehouse.gov - 9/30/2008
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President Bush on Tuesday said, "My administration will continue to work closely with leaders of both parties on Capitol Hill. I appreciate their determined efforts. While Congress is out today for the Jewish holiday, my administration will be talking to Congressional leaders today about how we ...
money.cnn.com - 10/3/2008
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money.cnn.com —
NEW YORK (CNNMoney.com) -- After two weeks of
contentious and often emotional debate, the federal government's far-reaching...
and historic plan to bail out the nation's financial system was signed into law by President Bush on Friday afternoon."By ...
(more)
President Bush signs historic financial rescue plan into ...
online.wsj.com - 9/25/2008
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online.wsj.com —
[Bush] Associated Press In this video image from
APTN, President Bush speaks in a prime-time address from...
the Cross Hall of the White House in Washington, Wednesday.
(more)
Bush Makes Pitch for Plan to the Nation
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self-evident —
Bush spoke before market open this morning.
The dramatic drop in the stock market that we saw yesterday will have a direct impact on the retirement accounts, pension funds, and personal savings of millions of our citizens.
Oh yeah, Wall Street sent a very clear message yesterday: “Do you KNOW what will HAPPEN to your RETIREMENT if we do not get our BAIL-OUT!?”
Now look. In the short run, stock prices are not determined by fundamentals or even by “sentiment”. They are determined by what institutional ...
Dow Rebounds, Gains 485
SmartMoney.com —
... to the Associated Press. Democratic and Republican presidential candidates Barack Obama and John McCain endorsed a revised plan that would lift the ceiling on the Federal Deposit Insurance Corp.'s guarantee from $100,000 to $250,000 to calm investors and help prevent a run on the nation's banks. President Bush said he was disappointed the first bill had been rejected but promised to continue working with congressional leaders. "This is not the end of the legislative process," he said on Tuesday morning. He added, "Our economy is depending on decisive action from the ...
Market Gyrations Are Caused By Uncertainty
Capital Gains and Games —
... Why does this happen? In one word -- uncertainty. Markets hate uncertainty. When the House failed to pass the Emergency Economic Stabilization Act of 2008 on Monday, September 29, the markets felt they had nowhere to turn for relief and plunged. The next day, after statements by President Bush and congressional leaders, the markets bounced back in anticipation of House passage later in the week. ...
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MIT Panel Discusses the Financial Crisis
economistsview.typepad.com 10/10/2008 —
'If we get through the next few weeks...', MIT News Office :A panel of five MIT faculty experts in economics and business analyzed the
ongoing financial crisis in the U.S. and world ...
Speech - September 30, 2008
frbatlanta.org 9/30/2008 — Dennis P. Lockhart President and Chief Executive Officer Federal Reserve Bank of Atlanta Greater New Orleans Inc. New Orleans, La. Sept. 30, 2008 Photo of Dennis Lockhart Thanks for inviting me to speak to your distinguished group. Hurricanes Gustav ...
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