Fed to provide as much as $900B in loans to banks The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort Monday to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe. 06 Oct 2008
12.
Report: Fed pushes Citi, Wells to split Wachovia Federal Reserve officials have been pushing for Citigroup Inc. and Wells Fargo & Co. to reach a compromise over Wachovia Corp., according to a media report. 06 Oct 2008
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Lawsuit seeks to preserve Palin e-mails A critic of Gov. Sarah Palin is suing to try to force preservation of any government-related e-mails that Palin sent from private accounts. Andree McLeod, a former state worker, filed the lawsuit against Palin, the Republican vice presidential candidate, in Anchorage on Thursday. Palin's gubernatorial spokeswoman, Sharon Leighow, said Saturday she could not comment on pending litigation. 04 Oct 2008
Richard Fisher, Federal Reserve Bank of Dallas President Reuters - "The case for a rate rise seemed both less urgent and potentially disruptive given the clear and present danger of an imploding financial system and the considerable downside risks to the economy should that implosion occur." 26 Sep 2008
BLM lease sale of Alaska oil reserve gets $31M Five companies submitted winning bids of nearly $31 million to develop oil and gas tracts in the National Petroleum Reserve-Alaska. The bids were awarded during a Bureau of Land Management lease sale Wednesday in Anchorage. 25 Sep 2008
18.
Canadian company discovers gold reserves in Guyana A Canadian company says it will open a large mine in western Guyana after discovering vast gold deposits. Guyana Goldfields Inc. says it found reserves of 2.5 million troy ounces (78 million grams) and expects the mine to be profitable for 12 years. Guyana is among the world's top 30 gold producers and officials say the mine will be among the 10 largest in South America. 25 Sep 2008
19.
Capital One to add $200M to reserve for bad loans Capital One Financial Corp. on Tuesday said it will add $200 million to its reserve pool for covering bad loans in the third quarter. Citing "the company's expectation of continuing weakness in the U.S. economy, as observed in recent trends in economic indicators, including home prices and the unemployment rate," Capital One said it would add the funds to its allowance for loan losses. 23 Sep 2008
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Selling the Bailout is a Contrast in Styles for Bernanke and Paulson The two top economic point men spearheading a government bailout of struggling financial companies, Henry Paulson and Ben Bernanke, made equally urgent appeals to key lawmakers but in markedly different styles. 23 Sep 2008
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1.31%QQQQ 30.46 
