David R. Sands
Articles by David R. Sands
Fed, central banks coordinate interest-rate cut
Arguing that a global crisis demands a global response, the Federal Reserve and five other central banks slashed interest rates Wednesday morning in a surprise coordinated bid to boost the international economy and reassure plunging stock and credit markets around the world. Published October 9, 2008
As Palin’s star dims, Fey turns superstar
Sarah Palin has been very good for the career of Tina Fey. Published October 9, 2008
World’s central banks coordinate rate cuts
Arguing that a global crisis demands a global response, the Federal Reserve and five other central banks slashed interest rates Wednesday morning in a surprise, coordinated bid to boost the international economy. Published October 8, 2008
As Tina Fey soars, Sarah Palin struggles
Sarah Palin has been very good for the career of Tina Fey. But the "Saturday Night Live" guest star isn't returning the favor. Published October 8, 2008
Bush, Fed pleas fail to sway markets
A presidential pep talk and a dramatic move by the Federal Reserve to boost business lending could not shore up sagging U.S. markets as the Dow Jones Industrial Average plunged more than 500 points Tuesday to a four-year low. Published October 8, 2008
Kashkari to take onus of bailout
At Neel Kashkari's confirmation hearing in June, Senate banking committee Chairman Christopher J. Dodd stumbled over both the nominee's first and last name. Published October 7, 2008
Heavy horse-trading as House nears bailout vote
The fate of the $700 billion rescue bill hung in the balance Thursday, as the president and congressional leaders cobbled together a majority in favor of the package before a showdown vote in the House tonight. Published October 2, 2008
Senate plans vote on modified bailout bill
UPDATED -- Senate leaders late Tuesday scheduled a vote for Wednesday on the elusive $700 billion Wall Street bailout package -- a measure to restore the financial market, including a tax cut and a provision to increase FDIC limits. Published October 1, 2008
U.S.-India nuclear accord before Senate
The Senate is poised to take up the U.S.-India nuclear accord Wednesday, and could hand the Bush administration an unexpected foreign-policy success just before lawmakers head home for the year. Published October 1, 2008
House GOP won’t rush bailout plan
House Republicans stood their ground Friday as the White House and congressional negotiators struggled to revamp a $700 billion Wall Street bailout plan, holding out hope that a deal could be struck this weekend. Published September 27, 2008
Bernanke and Paulson, back on the Hill
UPDATED -- A day after a five-hour grilling by unhappy lawmakers over the proposed $700 billion rescue plan, Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry M. Paulson Jr. are feeling the heat again. Published September 24, 2008
Senate panel OKs nuke pact with India, but time is short
A major new U.S.-India nuclear cooperation deal cleared a key hurdle Tuesday as a Senate panel voted overwhelmingly to approve the agreement. Published September 24, 2008
Lawmakers openly skeptical as bailout plan gets hearing
Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Chairman Ben S. Bernanke faced bipartisan skepticism as they pushed for quick congressional approval of the administration's $700 billion Wall Street rescue plan. Published September 23, 2008
Wall Street woes ripple across globe
Spain and Taiwan are cracking down on short sellers of stock. Britain's prime minister sees his poll numbers plummet, while Japanese financial giants snap up pieces of distressed U.S. lenders. And some in France and Germany are hailing what they see as a humiliating blow to "Anglo-Saxon" economics. Published September 23, 2008
Democrats: Bailout support is costly
Lawmakers are engaged in a $700 billion game of chicken this week over the Bush administration's push to pass an economic bailout proposal for Wall Street. Published September 22, 2008
Democrats seek changes to bailout plan
UPDATED -- Sen. Barack Obama and other top Democrats said Sunday their support will come at a price as Treasury Secretary Henry Paulson pressed for quick congressional approval of a $700 billion fiscal rescue package. Published September 21, 2008
Short sellers defend practice
They've been called the hyenas of high finance, feasting on the misfortunes of others, but the market's short sellers say they are being used as scapegoats as regulators and politicians around the world struggle to prevent a global economic implosion. Published September 20, 2008
Congress pushes for last-minute deal with India
Congress and the Bush administration are making a strong last-minute push to approve the far-reaching nuclear cooperation deal with India, a top Senate Democrat said Thursday. Published September 19, 2008
Lawmakers say they’re out of the loop
DEVELOPING -- Lawmakers from both parties are complaining they've been kept out of the loop as the Federal Reserve and Treasury Department have struggled to contain Wall Street's exploding financial crisis. Published September 18, 2008
New financial watchdog considered
The federal agency that managed the bailout of the savings and loan industry in the 1980s and 1990s has emerged as the leading model to contain the fallout from Wall Street's current meltdown. Published September 18, 2008