Auction Service - Fort Lauderdale Sun-SentinelWASHINGTON (AP) _
| Auction Service - Fort Lauderdale Sun-Sentinel WASHINGTON (AP) _ The Federal Reserve announced late Sunday several steps to cope with the worst credit crisis in decades, including broadening the types of assets that investment banks can put up to get emergency loans from the Fed. The action came Source: www.sun-sentinel.com Economic officials: Bailout an economic necessity - Associated Press WASHINGTON (AP) -- Ben Bernanke didn't sugarcoat the situation. He couldn't. Financial market conditions had degenerated to a full panic, credit is frozen, money market funds are losing money. Even strong institutions such as Wall Street's remaining Source: hosted.ap.org Exchange Bank loss cuts into Doyle scholarships - Santa Rosa Press Democrat The financial challenges facing Exchange Bank are creating difficulties for students hoping to win scholarship money to attend Santa Rosa Junior College. (Kent Porter / The Press Democrat) Santa Rosa Junior College student Jesse McGuire works full Source: www1.pressdemocrat.com Big Three Back Off Bigger Loan Program - BusinessWeek Officials of Ford and car loans General Motors confirmed a report in The Detroit News that industry lobbyists have backed off the $50 billion in loans it sought over three years to make critical investments in favor of a one year $25 billion loan package it Source: www.businessweek.com Bank of America Corp. - Baltimore Sun When Wall Street woke up Monday morning, two more of its storied firms had fallen. Lehman Brothers, burdened by $60 billion in soured real-estate holdings, filed a Chapter 11 bankruptcy petition in U.S. Bankruptcy Court after attempts to rescue the Source: www.baltimoresun.com Subscriber Log In - Wall Street Journal Remember me Forgot your password? General Motors Corp. said it intends to draw down the remaining $3.5 billion of an existing $4.5 billion secured revolving credit facility to boost its liquidity amid uncertainty in the capital markets. The move Source: online.wsj.com |