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Bush Says U.S. Must Take Lead in Solving Crisis (Update3) - Bloomberg
Oct. 11 (Bloomberg) -- President George W. Bush , meeting with ministers from the world's richest nations, said the U.S. has an obligation to help coordinate a global solution to the biggest financial crisis since the Great Depression. ``The United ...

Crisis on world stage - CNN Money
NEW YORK (CNNMoney.com) -- World leaders, warning of a global economic downturn, pledged Saturday to work together to find solutions to what is unfolding as the worst financial crisis since the Great Depression. President Bush and finance officials ...

'Global response' - CNN Money
NEW YORK (CNNMoney.com) -- President Bush on Saturday once again tried to reassure a nervous public that world leaders were working together to address what is unfolding as the worst global financial crisis since the Great Depression. "We recognize ...

German Stocks Snap Three-Day Slump, Led by Banks; K+S Advances - Bloomberg
Oct. 9 (Bloomberg) -- German stocks rebounded from the worst three-day slump since July 2002 as banks gained on speculation governments will step up measures to shore up financial markets. Hypo Real Estate Holding AG , the commercial-property lender ...

McCain Plan Draws Doubts From Experts On Mortgages - Washington Post
Sen. John McCain 's proposal to have the federal government directly buy and refinance troubled home loans would cost about $300 billion, his campaign said yesterday. That money would come from the new $700 billion Wall Street bailout and a $300 ...

Costlier credit may delay hospitals' construction projects - Detroit Free Press
Faced with paying higher interest rates on bonds that help finance hospital projects and refinance costly older bond debt, some Michigan health systems are holding off on debt-refinancing plans until they see more stability in municipal bond markets ...

Statement by Secretary Henry M. Paulson, Jr. on Financial Markets ... - U.S. Treasury
Washington, DC-- Good afternoon. Last Friday Congress finalized and President Bush signed into law the bipartisan Emergency Economic Stabilization Act. The EESA provides the Treasury, the Federal Reserve and the FDIC with important new authorities to ...

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 ...

John McCain wants to buy your bad loan - New York Daily News
John McCain at a rally at Lehigh University in Bethlehem, Pa. WASHINGTON - Hoping to connect with nervous voters, John McCain is proposing to use half the $700 billion in the Wall Street bailout plan to buy bad home mortgages directly from ...

Treasury Considering Taking Stakes in Banks: Report - ABC News
Treasury Secretary Henry Paulson is reportedly considering exercising the option to take a stake in struggling banks that was provided for in the new economic bailout bill. (Evan Vucci/AP Photo) WASHINGTON (Reuters) - The U.S. Treasury Department is ...

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