David R. Sands

Treasury puts $34B in 18 regional banks

The Treasury Department has placed more than $34 billion in 18 regional banks in a renewed push to ease the nation's credit crisis, amid growing complaints that the recipients of the taxpayer bailout are using the money not to lend to customers but to buy their competitors.

October 28, 2008

Jobs are job one on campaign trail

They have the same job, they want the same job, and neither Sen. Barack Obama nor Sen. John McCain has been particularly subtle about where the issue of jobs ranks in the closing weeks of their presidential battle.

October 26, 2008

Dow down 312; big sell-off averted

Wall Street stocks staged another broad retreat Friday, but traders and analysts said fears of an even bigger sell-off failed to materialize amid a rare bit of hopeful news about the U.S. housing market and falling prices of oil.

October 25, 2008

WH picks D.C. site for crisis summit

The building constructed to help aging Civil War veterans in the 1880s will be the site where President Bush and other world leaders gather to draw up the blueprint for the world financial system in the 21st century, the White House said Friday.

October 24, 2008

Wall Street retreats, but avoids bloodbath

UPDATE: Wall Streets stocks staged another broad retreat Friday, but traders and analysts said fears of an even bigger sell-off failed to materialize amid a rare bit of hopeful news about the U.S. housing market and falling prices for oil.

October 24, 2008

Bush to host financial summit

President Bush on Saturday said he will host a summit of world leaders in the near future to address the global financial turmoil and discuss ways to prevent a future crisis.

October 19, 2008

Economists prescribe deeper deficit

The financial crisis has rocked the economy's foundations, but it also has opened a window of opportunity for the next president.

October 17, 2008

Dow gains 401 points as oil prices decline

The prospect of cheaper oil and cheaper money helped Wall Street buck the global market trend and post sharp gains Thursday, as a late rally put U.S. stock markets in the black after two days of sharp losses.

October 17, 2008

With late rally, Wall Street bucks trend

The prospect of cheaper oil and cheaper money helped Wall Street buck the global market trend and post sharp gains Thursday, as a late rally put U.S. stock markets in the black after two days of sharp losses.

October 16, 2008

Losses lighter as queasy traders digest more bad news

In what passes for good economic news these days, panic gave way to uncertainty as Wall Street investors tried to digest a string of new reports on the health of the U.S. and world credit markets.

October 16, 2008

Future of aid flow concerns Nepal

Baburam Bhattarai, Nepal's new finance minister, can appreciate the irony.

October 16, 2008

UPDATED: Paulson reluctantly agrees to recapitalize

UPDATED -- Confidence and cash will restore the economy's health, but it will take time and patience, too, Treasury Secretary Henry Paulson said Wednesday.

October 15, 2008

Bush: Banks boost to be ‘limited, temporary’

The Bush administration's plan to spend up to $250 billion to bolster the U.S. banking industry comes with a built-in exit strategy - assuming the plan works as its designers hope.

October 15, 2008

Treasury weighs how to cash out ‘ante’

The Bush administration's plan to "invest" up to $250 billion in the U.S. banking industry comes with a built-in exit strategy — assuming the plan works as its designers hope.

October 14, 2008

European action sparks record-setting market rally

European governments Monday helped spark a record-shattering global market rally, pledging more than $2 trillion in taxpayer money in a coordinated strike to shore up the Continent's banks as the Bush administration scrambled to rework its own $700 billion Wall Street rescue package.

October 14, 2008

Bailout boss Kashkari buoys banks

When you have a $700 billion bankroll, you have no trouble filling a room.

October 14, 2008

Bailout chief speaks, promises quick action

Treasury Department official Neel Kashkari told international bankers on Monday that the government has already taken steps to implement the rescue package. The stock market rebounded almost 600 points.

October 13, 2008

Europe agrees to secure banks

Leaders of 15 European nations revealed a plan Sunday to put new money into banks while facing a global credit crunch, as policymakers nervously awaited the re-openings of battered world stock markets.

October 13, 2008

European leaders act as markets prepare to reopen

UPDATED: Leaders of 15 European countries on Sunday announced a joint plan to put new money into their banks and guarantee their lending in the face of a global credit crunch.

October 12, 2008

Nervous markets eye G-7’s weekend work

The handiwork of the world's top finance ministers and central bankers gets its first meaningful review as stock markets around the world are poised to reopen Monday after a week of record losses and bank failures.

October 12, 2008