Thursday, September 18, 2008

Asia Rethinks / Fed: Investor of Last Resort / Morgan Stanley Weighs Deal

Tremors leading many to question the wisdom of investing in the US to
the tune of trillions of dollars: Asian investors were starting to show
hesitation even before last week. Now...

Even Morgan Stanley and Goldman, the two left standing no
longer immune. MS considering possibility of merger with Wachovia
or another. Links to CNBC and the rest

New Role for the Fed: Investor of Last Resort
Federal Reserve is being stretched to its limits, both in the range of
problems it is being asked to fix and in its financial firepower. The
central bank has also transformed itself almost overnight into the Fed
Inc. by essentially taking over AIG

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