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Financial industry may face new rules next year
WASHINGTON - With the passage of the $700 billion rescue package, the financial industry will face greater congressional scrutiny in coming weeks and months.
People:Henry Paulson Nancy Pelosi Barack Obama Alan Greenspan John McCain Activities:2008 U.S. Financial Rescue 110th Congress
2008-10-05
Strong Push for an RTC-Type Solution to the Crisis
As Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke met on the evening of Sept. 18 with congressional leaders, momentum was building for a new Resolution Trust Corp.-style entity. The vehicle would be set up to stem the slide in the markets and halt the erosion of the financial sector.
People:Richard Shelby Henry Paulson Ben Bernanke Barack Obama Charles Schumer Alan Greenspan Activities:2007 Global Credit Crunch Source:(BusinessWeek)
2008-09-20
Morgan Stanley, banks rush to complete deals
NEW YORK - Wall Street entered into another round of speed dating, with bankers representing Morgan Stanley and Washington Mutual scrambling to put together deals in the biggest realignment of the financial industry since the 1930s.
Nations:U.S. Germany People:Charles Schumer Alan Greenspan Activities:2007 Global Credit Crunch
2008-09-18
With finance crisis, hands-off era over
Washington - The great financial shakeout of 2008 - one of the most dire US fiscal crises of modern times - is likely to change permanently the relationship between Wall Street and Washington.
People:Henry Paulson Alan Greenspan Activities:2008 AIG Crisis Merrill Lynch Sales Lehman Brothers Bankruptcy U.S. Mortgage Giant Bailout 1929 Great Depression
2008-09-17
Lehman may face failure
NEW YORK (Reuters) - The ruptured U.S. financial system was facing an unprecedented shakeup on Sunday that was expected to lead to the failure of Lehman Brothers (LEH.N), the takeover of Merrill Lynch & Co (MER.N) and big asset sales by major insurer American International Group (AIG.N).
Nations:U.S. People:Henry Paulson Ben Bernanke Alan Greenspan Activities:Lehman Brothers Bankruptcy
2008-09-14
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