The Fed and an Intervention
The Fed left interest rates unchanged, and at this point the market has reacted positively. The 10-year Treasury has been wild today. At one point it was below 3.30% and is now approaching 3.50%.
Hank Greenberg is trying save AIG. Kind of like a parent intervening to save a child. AIG's stock has been wild today, too.
Tuesday, September 16, 2008
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