After Merrill's Sale of Bad Debt, Few Have Followed (Washington Post)
NEW YORK -- Merrill Lynch sent an important message last month to its Wall Street brethren when it sold off a massive portfolio of securities badly damaged by the subprime mortgage meltdown: Someone was still willing to buy them.
Advertisement starts (Tiscali)
not yet subsided." The U.S. economy may hit another bump in the final months of the year as the boost to spending from the government’s $152 billion (82 billion pound) stimulus package wears off, a congressional budget official said on Saturday.
Global financial storm not over yet, warns Trichet (Gulf Times)
JACKSON HOLE, Wyoming: European Central Bank President Jean-Claude Trichet has defended central bank responses to the financial turmoil that has roiled global markets for the past year and warned the storm is not over.
Credit crisis not over: Trichet (Stuff)
European Central Bank President Jean-Claude Trichet has defended central bank responses to the financial turmoil that has roiled global markets for the past year and warned the storm is not over.
(AFX UK Focus) 2008-08-24 01:15 UPDATE 1-ECB's Trichet says still in market correction (Interactive Investor)
JACKSON HOLE, Wyo., Aug 23 (Reuters) - European Central Bank President Jean-Claude Trichet on Saturday defended central bank responses to the financial turmoil that has roiled global markets for the past year. "We still are in a market correction," Trichet said at the Kansas City Federal Reserve Bank's annual monetary policy conference here that draws central bankers from around the world. "What ...
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