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Lockhart Says Turmoil to Hurt Growth as Inflation Eases September 30 (Bloomberg) -- Federal Reserve Bank of Atlanta President Dennis
Lockhart speaks in New Orleans about credit market turmoil, the U.S. economy
and Federal Reserve monetary policy. (Source: Bloomberg)
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Kerry Supports FDIC Changes, Fair Value Accounting Rules September 30 (Bloomberg) -- U.S. Senator John Kerry, a Democrat from
Massachusetts, talks with Bloomberg's Matt Miller and Tom Keene from Boston
about efforts in the U.S. Senate to revive a $700 billion financial rescue
plan that the House voted 228-205 to kill yesterday, Federal Deposit Insurance
Corp. limits on insured deposits and mark-to-market accounting rules. (Source:
Bloomberg)
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Case Says Some Qualified Home Buyers Unable to Get Loans September 30 (Bloomberg) -- Karl Case, an economics professor at Wellesley
College and co-founder of the S&P/Case-Shiller home-price index, talks with
Bloomberg's Kathleen Hays from Austin, Texas, about July U.S. home prices, the
impact of foreclosures on the housing market and the availability of
financing. House prices in 20 U.S. cities declined last month at the fastest
pace on record. The S&P/Case-Shiller home-price index dropped 16.3 percent
from a year earlier, more than forecast, after a 15.9 percent decline in June.
(Source: Bloomberg)
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Bogle Says Lawmakers `Obliged' to Approve Rescue Plan September 30 (Bloomberg) -- John Bogle, founder of Vanguard Group Inc., talks
with Bloomberg's Matt Miller from Valley Forge, Pennsylvania, about the impact
of speculators on financial markets, the outlook for financial-rescue
legislation, and his investment strategy. (Source: Bloomberg)
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Gramley Says Higher FDIC Insurance Limits Is `Good Idea' September 30 (Bloomberg) -- Lyle Gramley, senior economic adviser at Stanford
Group Co. and a former Federal Reserve governor, and Robert Doll, chief
investment officer of global equities at BlackRock Inc., talk with Bloomberg's
Kathleen Hays about the state of the U.S. economy and credit markets, the
Federal Deposit Insurance Corp.'s request to temporarily raise insurance
limits from $100,000 per account to give banks additional liquidity, the value
of global central bank coordination to help stabilize markets and investment
strategy in the current environment. (Source: Bloomberg)
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Trichet Says ECB Rate Policy Is Separate From Liquidity September 30 (Bloomberg) -- European Central Bank President Jean-Claude
Trichet speaks at an awards ceremony in Frankfurt about the global credit
crisis, the ECB's focus and the need to increase transparency in financial
markets. (This report is an excerpt of the event. Source: Bloomberg)
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Wesbury Says Fed `Hurt Banks' by Lowering Rates to 2% September 30 (Bloomberg) -- Brian Wesbury, chief economist at First Trust
Advisors LP, talks with Bloomberg's Tom Keene from Lisle, Illinois, about the
U.S. economy, Federal Reserve monetary policy and the government's financial
rescue package. (Source: Bloomberg)
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Bush, Paulson, McCain and Obama's Own Words on Bailout September 30 (Bloomberg) -- U.S. stocks rose today amid expectations
Congress will salvage a $700 billion bank rescue package after the measure
failed to pass a vote yesterday in the House of Representatives, a defeat that
spurred the Standard & Poor 500 Index's biggest plunge in two decades. This
report compiles reaction from U.S. President George W. Bush, Treasury
Secretary Henry Paulson, Democratic presidential candidate Barack Obama,
Republican presidential nominee Senator John McCain, Republican Leader John
Boehner, House Speaker Nancy Pelosi, House Financial Services Committee
Chairman Barney Frank, Australian Prime Minister Kevin Rudd, U.K. Prime
Minister Gordon Brown and Japan's Finance Minister Shoichi Nakagawa. (This
report includes some video from APTN and ABC. Source: Bloomberg)
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