Government Advances on All Fronts
Friday, October 10, 2008
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President Bush says he's calling for an advance on all fronts to combat the global financial crisis as the Administration will work with G-7 leaders throughout the weekend in hopes of shoring up the global financial system. NBR correspondent Stephanie Dhue has the details.![]()
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| Financial Rescue Plan As of October 10, 2008 |
- Fannie/Freddie Takeover |
- $122.8 Billion in loans
to AIG |
-
Commercial Paper Purchases |
-
$250,000 FDIC Deposit Insurance Limits |
-
Insured Money Market Funds |
- Coordinated
Interest Rate Cut |
- $700 Billion
Troubled Asset Rescue Fund |
Related NBR Stories & Links
- 10-09-08: Interview with IMF's John Lipsky
- 10-08-08: Interest Rate Cut Goes Global
- 10-07-08: When Bernanke Speaks... Wall Street Listens
- 10-02-08: Commercial Paper Market Crumbles
External Links/Articles*
- Peterson Institute
for International Economics
The Peterson Institute for International Economics is "a private, nonprofit, nonpartisan research institution devoted to the study of international economic policy." Sr. Fellow Morris Goldstein and Deputy Director Adam Posen are interviewed in Stephanie Dhue's report. - The
White House
President Bush spoke to the American people this morning about the economy and particulary the stock market after this week's yo-yo action. This links to the complete transcript of President Bush's speech. - U.S.
Department of the Treasury
he U.S. Department of Treaury's mission "highlights its role as the steward of U.S. economic and financial systems, and as an influential participant in the global economy. The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States." This links to an October 10, 2008 press release titled: President's Working Group Issues Fouth Quarter Policy Statement Update.
*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.






