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DEEPENING CRISIS.

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  • المصدر:
    Crain's New York Business. 10/13/2008, Vol. 24 Issue 41, p3-3. 1/5p.
  • معلومة اضافية
    • الموضوع:
      FINANCE; RECESSIONS; STOCK exchanges; BANKING industry
    • الموضوع:
      UNITED States
    • نبذة مختصرة :
      The article offers news briefs from the U.S. related to recession. As stock markets around the world went into free fall and seized-up credit markets remained frozen despite the $700 billion economic rescue package, U.S. authorities took a series of ad hoc steps to try to stop the rout. The Federal Reserve launched a plan to buy commercial paper to help reduce borrowing costs that have threatened to crimp the profits of American companies.