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Wednesday, March 19 2008, 05:37 AM Stocks storm higher after rate cut Wall Street has stormed higher after an interest rate cut calmed a very worried market. The Dow shot up about 420 points, its biggest one-day point gain in more than five years. 17 News Stories, 5 Liberal Blogs, 6 Conservative Blogs Post A Comment
From The Left
feminist blogs Small Enough To Fail Fed Chairman Ben Bernanke announced Sunday night Wall Street’s largest investment banks could borrow directly from the Fed just as commercial banks do now — and use questionable collateral, such as mortgage-backed securities, to boot.
legitgov Us Nobel Economist Calls Financial Crisis Worst Since Depression The current financial crisis is the worst the world has seen since the Great Depression of the 1930s and the US Federal Reserve move to cut interest rates will not make much difference, the Nobel Prize winning economist Joseph Stiglitz said on Wednesday.
Wonkette Grasping It [daily Briefing] On the fifth anniversary of the war in Iraq, the Bush administration swears that things are finally looking up this year. [Washington Post]How can subprime mortages take out a whole global financial system? Like so. [New York Times]The weird jump in the L
Suburban Guerrilla The Street On Welfare E.J. Dionne: Never do I want to hear again from my conservative friends about how brilliant capitalists are, how much they deserve their seven-figure salaries and how government should keep its hands off the private economy. The Wall Street titans have tu
Daily Kos Countertops E.J. Dionne: The Wall Street titans have turned into a bunch of welfare clients. They are desperate to be bailed out by government from their own incompetence, and from the deregulatory regime for which they lobbied so hard. They have lost 'confidence'
From The Right
Asia Times Online Bernanke Runing Out Of Bliss Room US Federal Reserve chief Ben Bernanke and his pack of merry pranksters, having given Wall Street yet more interest rate cuts, now have only a few months before they must conjure up other tricks to end the rot in the US economy as rate levels head toward
About Last Night Tt: Introducing...the Amazing Prospero! Today's Wall Street Journal drama column consists of a rave and a pan, in that order. First I report on...
memeorandum The Street On Welfare - Never Do I Want To Hear Again ... (e. J. Dionne Jr/washington Post) E. J. Dionne Jr / Washington Post: The Street on Welfare  —  Never do I want to hear again from my conservative friends about how brilliant capitalists are, how much they deserve their seven-figure salaries and how government should keep
memeorandum The Obama Bargain - Geraldine Ferraro May Have Had Sinister Motives ... (shelby Steele/wall Street Journal) Shelby Steele / Wall Street Journal: The Obama Bargain  —  Geraldine Ferraro may have had sinister motives when she said that Barack Obama would not be “in his position” as a frontrunner but for his race.  Possibly she wa
memeorandum Discovering Obama - The Political Tide For Barack Obama ... (wall Street Journal) Wall Street Journal: Discovering Obama  —  The political tide for Barack Obama was inconceivable as recently as a few months ago, and it may still carry him into the White House.  A mere three years out of the state legislature, the
Mount Virtus Putting Iraq In Perspective Today’s lead editorial in the Wall Street Journal puts our five-year-long war in Iraq in perspective - surveying where we’ve come from, where we are today, and what the near future portends. The editorial, which deserves perusal from beginning