BBC News | Business | UK Edition
The Fed makes billions of dollars available to banks in an auction hoping to ease credit-crunch concerns.
Business - International Herald Tribune
The former Fed chairman said that helping homeowners directly would create "a short-term fiscal problem" for the government, but that doing so would be more effective than solutions like freezing mortgage rates.
Financial news of the day - CNNMoney.com
The Federal Reserve on Tuesday will propose a much stricter set of rules for mortgage lenders as part of the central bank's effort to avert abusive lending.
FT.com - Comment and analysis
Markets are right to be concerned about recession risks, but there is an awful lot of whining mixed in here – most traders' bonuses will benefit a lot from an even softer Fed policy stance, writes Kenneth Rogoff
Financial Sense - financialsense.com
By Axel Merk. "True leadership may have finally emerged to resolve the subprime crisis, although it was difficult to spot during a tumultuous week at the Federal Reserve (Fed). On Tuesday, December 11, 2007, the Fed cut interest rates by 0.25%."
HoustonChronicle.com -- Business
The Federal Reserve is providing $20 billion in loans to banks as part of an unprecedented auction process to ease a global credit crisis and make sure financial institutions can keep lending to their customers.
HoustonChronicle.com -- Business
The Federal Reserve moved Tuesday to impose tough restrictions meant to curb unfair and deceptive home-lending practices and prevent a recurrence of this year's subprime meltdown.
SFGate: Business & Technology
Wall Street extended last week's losses Monday as investors remained skeptical that the Federal Reserve's first credit auction will be effective in loosening up a tight market. The Fed is offering $20 billion in 28-day credit through an auction Monday....
Yahoo! News: Stock Markets News
AP - Wall Street extended last week's losses Monday as investors remained skeptical that the Federal Reserve's first credit auction will be effective in loosening up a tight market.
MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- U.S. stocks fell Monday as Moody's Investors Services warned it could lower bond insurer credit ratings because of subprime losses and former Fed chief Alan Greenspan warned of a possible recession. The Dow Jones Industrial Average fell 68.4 points to 13,271.5. The S&P 500 {s: $spx] declined 9.29 points to 1,458.66, and the Nasdaq Composite dropped 14.54 points to 2,621.2.
Newsvine - business - Wire
Wall Street was poised to extend its losses Monday as investors remained skeptical that the Federal Reserve's first credit auction will be effective in loosening up a tight market.
China Post Online - Taiwan Business,World Business - chinapost.com.tw
Stock investors smarting from months of volatility are hoping this holiday-shortened week provides signs of a badly-needed yearend rally.
SFGate: Business & Technology
Alan Greenspan, former chairman of the Federal Reserve, suggested Sunday that a tax break or other government financial help for homeowners facing the mortgage crunch would be the best political fix for the economy. He cautioned against meddling with home...
Money - NY Daily News - nydailynews.com
Alan Greenspan, former chairman of the Federal Reserve, suggested Sunday that a tax break or other government financial help for homeowners facing the mortgage crunch would be the best political fix for the economy.