David R. Sands
Articles by David R. Sands
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. Published 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. Published 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. Published 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. Published 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. Published 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. Published 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. Published 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. Published October 16, 2008
Future of aid flow concerns Nepal
Baburam Bhattarai, Nepal's new finance minister, can appreciate the irony. Published 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. Published 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. Published 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. Published 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. Published October 14, 2008
Bailout boss Kashkari buoys banks
When you have a $700 billion bankroll, you have no trouble filling a room. Published 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. Published 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. Published 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. Published 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. Published October 12, 2008
Financial crisis reshapes world order
As shell-shocked central bankers and finance ministers gather in Washington to confront the world's financial meltdown this weekend, that grinding noise in the background is the sound of the global balance of power shifting. Published October 12, 2008
Financial chiefs seek global unity
They'll be in the same room, but the world's finance ministers and central bankers will be under intense pressure to show they are on the same page this weekend in Washington as the financial crisis continues to claim victims and cause havoc around the globe. Published October 10, 2008
