Central Bank Interventions

Plans to stabilize banks lead to record rally

Plans to stabilize banks delight Wall St. WASHINGTON — Initiating what amounts to the partial nationalization of the U.S. banking system, the Bush administration Tuesday will announce plans to sink $250 billion into nine large...

U.S. has history of intervention

If the U.S. government moves ahead with a plan to take ownership stakes in American banks, as seems likely, it would be an exceptional step - but not an unprecedented one. Finance experts say that having Washington take stakes...

Lawmakers Welcome Latest Market Intervention (CQPolitics.com)

CQPolitics.com - Lawmakers who approved a broad financial bailout less than two weeks ago welcomed the latest twist on the plan Tuesday: a move to inject federal money directly into the nation's banks.

Commentary: 'State Intervention Is A Confession Of Failure'

Intellpuke: This commentary was written by Christopher Glazek and appeared in Spiegel's column "The World From Berlin" on Monday, October 13, 2008. Following Sunday's emergency meeting of European leaders in Paris, Germany...

Dollar Gives Back as Investors Return from Safety

Global markets reacted positively to news that the British, French, and German governments would commit funds to the prop up... ... the continent's banking sector. Yesterday's trading lacked the price volatility that has been...

Save the TARP

By Benn Steil Given the unprecedented credit market turmoil and central bank interventions of recent days, the US government’s mammoth $700bn Troubled Asset Relief Program (TARP), approved with great haste and huge expectations...

Global shares rocket on fresh government intervention (AFP)

LONDON, Oct 13, 2008 (AFP) - Global stock markets soared on Monday, with Frankfurt up six percent and Hong Kong 10 percent higher as governments pumped billions of extra dollars into banks crippled by the credit crunch. Leading...

U.S. Economy Needs More Than Bailout

Oxford Analytica 10.13.08, 6:00 AM ET The level of government intervention resulting from the financial crisis has no recent U.S. precedent. The sum of the liabilities assumed by federal authorities during the past six...

Thrift Column - Yawning Gap

Oct 13, 2008 (LBO) – With the Sri Lanka rupee peg with the US dollar once again pressured by sterilized intervention activities of the central bank, exporters may be hoping for a more realistic exchange rate. For more...

Domestic currency slides again

The Serbian dinar (RSD) has lost 0.48 percent of its value against the euro (EUR) this morning. This is according to the official exchange rate, formed without any intervention from the National Bank of Serbia (NBS).

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