Filed Under (World Economy) by Fred Chan on 26-02-2009
The Obama administration unveiled plans aimed at assessing the health of the nation’s leading lenders Wednesday, particularly banks’ ability to withstand more dire economic conditions.
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Filed Under (World Economy) by Fred Chan on 26-02-2009
Financial institutions that pose a serious risk to markets should be subject to serious government oversight, US President Barack Obama said Wednesday.
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Filed Under (World Economy) by Fred Chan on 26-02-2009
US Federal Reserve Chairman Ben Bernanke said Wednesday that the embattled housing market has crippled the economy, and at-risk homeowners need a bailout – even if they knew they couldn’t afford their home in the first place.
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