Nov 11th, 2008 · U.S. officials have lavished aid on Fannie Mae and AIG and neither company shows any signs of stabilizing. Meanwhile, the first $350 billion of the Treasury Department's TARP fund is largely committed and the government is yet to purchase its first mortgage-backed security.
Oct 23rd, 2008 · The current global financial crisis is a "once-in-a-century credit tsunami" that policymakers did not anticipate, former Federal Reserve Chairman Alan Greenspan told Congress on Thursday. Stabilizing the housing market is a key to ending the financial crisis, he said, but that is not likely to occur for "many months in the future."
Oct 22nd, 2008 · Wall Street, spooked by a slew of gloomy earnings reports out Wednesday, shrugged off the latest White House measures aimed at stabilizing global markets and instead pushed the Dow sharply lower. World leaders will gather Nov. 15 in Washington to address the global financial crisis.
Oct 14th, 2008 · President Bush announced a $250 billion plan Tuesday in which the government will buy shares in the nation's banks. He vows that a massive purchase of stock in nine major U.S. banks will benefit the economy "by stabilizing the financial system." The president said the steps are not intended to take over the free market.
Oct 7th, 2008 · The Army has a new operations manual that emphasizes nation-building over conventional warfare. The Stability Operations Field Manual was put together at Fort Leavenworth, Kan., the home of the U.S. Army Combined Arms Center. The new doctrine will drive Army resources, organization and training for many years to come.
Sep 17th, 2008 · Republican presidential nominee John McCain proposed Tuesday setting up a high-profile commission to study the financial crisis in hopes of stabilizing U.S. markets. He also called for tighter federal regulations on Wall Street, and railed against Barack Obama's tax plan.
Sep 16th, 2008 · Federal Reserve officials meet Tuesday, and they may consider lowering interest rates in hopes of stabilizing Wall Street's fears. After Monday's heavy losses, market watchers will be hanging on the Fed's every move. David Wessel, economics editor at The Wall Street Journal, talks with Renee Montagne about the meeting and the latest developments on Wall Street.
Aug 25th, 2008 · Izola White runs a soul food diner on Chicago's South Side that's a famous gathering spot for the city's political movers and shakers. But White and her diner have also become a stabilizing force in an otherwise rough neighborhood.