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Neil's Spotlight
Understanding the credit crunch

October 20, 2008

National Public Radio and Reuters news agency reports shed light and understanding on how the federal government and Congress is responding to the financial crisis.

Reuters news agency provides a good summary and update on what a congressional hearing on Tuesday (10/21/08) found in its investigation into the nation's financial crisis. Read the story.

On Monday (10/20/08), the U.S. Treasury Department announced a $250 billion capital infusion plan to help improve the flow of credit between financial institutions. A National Public Radio report takes you to the front lines of the credit cruch-- to a room in a securities company that monitors who's lending and who's borrowing money and how that could affect you. Listen to the story.

 

 

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