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Massachusetts Leads States, Cities Looking to Revive Debt Sales - Bloomberg
Oct. 6 (Bloomberg) -- Massachusetts plans to sell $750 million in short-term notes this week, leading state and local governments seeking to revive debt sales after financial turmoil inhibited their ability to borrow since mid-September ...

Asian Stocks Plunge as Credit Crisis Widens; Nikkei Tumbles - Bloomberg
Oct. 10 (Bloomberg) -- Asian stocks tumbled, driving Japan's Nikkei 225 Stock Average down 11 percent, and U.S. futures slumped on concern the deepening credit crisis will push the global economy into recession and spur corporate failures. Mitsubishi ...

U.S. considers taking stakes in banks - International Herald Tribune
WASHINGTON : Having tried without success to unlock frozen credit markets, the U.S. Treasury Department is considering taking ownership stakes in many U.S. banks to try to restore confidence in the financial system. Treasury officials say the just ...

FREDDIE & FANNIE RESCUED - New York Post
Freddie and Fannie have a new rich uncle. In what's shaping up as the biggest government bailout since the savings-and-loan crisis of the '80s and '90s, Uncle Sam has committed more than $200 billion in taxpayer money to keeping mortgage giants ...

Credit doors are closing - International Herald Tribune
A crucial source of financing for companies and banks is making some ominous grinding sounds. The market for commercial paper, which is high-quality, short-term debt, shrank by a record $95 billion last week, to $1.6 trillion, according to the U.S ...

Conestoga Landfill will help neighbors recoup property losses - Reading Eagle
Homeowners within a half-mile of the Conestoga Landfill in New Morgan can recoup losses if their property value drops as a result of living next to the dump. Conestoga's Property Value Protection Program guarantees that if residents are unable to ...

Fed's new tool: Business loan bailout - CNN Money
NEW YORK (CNNMoney.com) -- The Federal Reserve announced a new program to help the battered market for short-term business loans - taking its closest step yet to lending directly to businesses. The program addresses commercial paper, a form of short ...

Home Loans 'Under Water' Grow, Pressure the Economy - Wall Street Journal
The relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the possibility of a rise in defaults -- the very misfortune that touched off the credit crisis last year. The ...

Site Presented By - Salon
Two passages stand out in the statement released late Friday afternoon by Treasury Secretary Henry Paulson, after the conclusion of a meeting between “G-7 Finance Ministers and Central Bank Governors.” We are developing strategies to use the ...

Freefalling stocks pile pressure on G7 - Montreal Gazette
LONDON - The world's economic powers faced huge pressure on Friday to devise drastic remedies to revive the banking system and end panic selling in financial markets. Finance ministers and central bankers from the Group of Seven nations meet in ...

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