- After seeing initial strength, Wall Street turned lower over the course of the trading day on Thursday, sending the Dow down nearly 680 points. Despite massive efforts from the government to help shore up the troubled credit markets and boost confidence, investors remain fearful the global economy is headed for a recession. As financial markets continued their free-fall despite action by the U.S. government in terms of a $700 billion bailout, the U.S. Treasury Department is reportedly ready to inject capital directly into the embattled banking system. Several media outlets reported that Treasury Secretary Henry Paulson is looking at the end of October to begin a nationalization process. The White House lent credence to the rumor early Thursday, when White House spokeswoman Dana Perino said that Paulson is "actively...
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