Revision of Wall Street Woes from March 23, 2008 - 10:48am

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You are currently viewing a revision of this post created on 11/17/2008 - 1:58pm by talker.

We were going to call this page "The Crumbling Economy," but we didn't want to contribute to the alarmism that leads to a, well, crumbling economy. There's no doubt the US financial world is feeling a little shaky these days - but how much the turmoil on Wall Street will have a long term affect on the rest of the economy is still an open question.

Still, the Federal Reserve (the US's lending arm which tries to keep the economy on an even keel) and Congress are not holding back on intervening to cushion any crash. Through interest rate tweaks, stimulus plans, new regs and "bail-outs" they're hoping to give the economy enough bounce to avoid falling into a deep recession. Here we just keep track of their efforts.

Regulating Wall Street.  

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