Historians looking for an early sign that the worst financial crisis since the Great Depression might be deeper than expected could do worse than listen in on a predawn teleconference one Friday last spring. Top Treasury and Federal Reserve Bank officials hunched over their phones in a last-ditch bid to bail out the giant investment bank Bear Stearns Cos.
Tag Archives: federal-reserve
A 6.2% Drop in GDP: Is the Worst Yet to Come?
Now it’s official: the economy really is in free fall.
Why March Will Be the Recession’s Tipping Point
Does the economy get worse from here or do the government programs recently signed into law increase confidence and start to put capital to work to create jobs and build businesses?