March 16, 2009
The recession may end in 2009 according to observations by the Chairman of the Federal Reserve.
Wired PR News – The recession may come to an end earlier than many previously anticipated. As reported by the Associated Press (AP), Federal Reserve Chairman Ben Bernanke stated in an interview on Sunday that if the government could successfully […]
January 27, 2009
The Senate confirmed Timothy Geithner for Obama’s Treasury Secretary on Monday.
Wired PR News.com – Timothy Geithner, the 9th President of the Federal Reserve Bank of New York, has been confirmed by the Senate as Treasury Secretary for President Barack Obama. As reported by the Associated Press (AP), the Senate voted 60-34 on Monday, and settled […]
September 18, 2008
AIG gets $85 billion loan from Federal Reserve; move prevents massive global money meltdown.
Fort Worth, TX (WiredPRNews.com)—The Federal Reserve Board approved an $85 billion loan to prevent American International Group from going into bankruptcy and causing worldwide financial panic
The unprecedented move puts the government in charge of 79.9% of the company, according to a CNNmoney.com […]
March 17, 2008
Although the Federal Reserve next scheduled meeting was on Tuesday, they decided to call an early emergency weekend meeting on Sunday March 16th, 2008. During this emergency meeting three main new ideas were proposed and put into effect.
First of all, the Federal Reserve has decided to cut its lending rate to banks from 3.5% to […]
