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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (417367)	9/16/2008 7:31:18 AM
From: michael97123	Respond to of 1579777

AIG dropped from $5 to $2.75 in the last hour.

To: michael97123 who wrote (417367)	9/16/2008 8:50:21 AM
From: Road Walker	Read Replies (2) \| Respond to of 1579777

It may not be allowed to fail but if it is taken out by the Government the the stockholders get zip, nada. In the meantime.... Fed pumps $50B into nation's financial system By JEANNINE AVERSA, AP Economics Writer 5 minutes ago Urgently trying to keep cash flowing amid a Wall Street meltdown, the Federal Reserve on Tuesday pumped $50 billion into the nation's financial system to help ease credit stresses. The Federal Reserve Bank of New York's action comes in addition to its regular market operations to inject $20 billion into the system slated for the day. The maneuver takes place as Federal Reserve Chairman Ben Bernanke and his central bank colleagues prepare to meet to decide their next move on interest rates and conduct a fresh assessment of the country's financial and economic troubles. Some believe the financial system turmoil raises the odds the Fed will cut rates. Others still predict the Fed will hold its key rate steady at 2 percent.