|McCAIN AND OBAMA LOCK HORNS IN FIRST PRESIDENTIAL DEBATE|
September 26, 2008
(OXFORD, MISSISSIPPI) -- Just a week into America’s most dangerous financial system crisis since the Great Depression, millions of Americans gathered around television sets from Maine to Monroe, Washington this evening to watch two men debate over which man is better suited to lead the United States as President in these troubled times.
|QUESTIONS GROW OVER PAULSON'S BAIL OUT PACKAGE|
September 23, 2008
(NEW YORK, N.Y.) -- In the wake of new reports in the Orange County California Register that Washington Mutual Savings Bank in California loaned millions of dollars to home flippers that had been previously convicted in a fraud scheme and are now under investigation for more illegal loan activities, there is growing public discomfort in many quarters with giving Treasury Secretary Henry Paulson — himself a former Wall Street executive at Goldman Sachs — a blank taxpayer check to relieve major financial institutions of the responsibility of bad loans that now threaten to take many of those institutions down.
|GOV'T DECIDES AIG IS "TOO BIG TO FAIL" GRANTS HUGE LOAN|
September 17, 2008
(NEW YORK, NY) -- In yet another stunning and historic development in America’s financial system crisis the Federal Reserve stepped in Tuesday night to save American International Group (AIG) from bankruptcy in what has been described as the most radical intervention in the central bank's history.
|WALL STREET’S BLACK MONDAY:|
FINANCIAL SYSTEM CRISIS DEEPENS
September 15, 2008
(NEW YORK CITY, NY) -- One broadcast television news report summed up today’s developments on Wall Street this way: “Call it ‘Nightmare On Wall Street’, the meltdown in the financial markets. This is a real crisis in the American economy and nobody knows right now how bad it’s going to get.”
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