Wyatt Watts 6 Point Plan to Success

Fed’s $85 Billion Loan Rescues Insurer

By EDMUND L. ANDREWS, MICHAEL J. de la MERCED and MARY WILLIAMS WALSH

Published: September 16, 2008
The New York Times

This article was reported by Edmund L. Andrews, Michael J. de la Merced and Mary Williams Walsh and written by Mr. Andrews.

WASHINGTON — Fearing a financial crisis worldwide, the Federal Reserve reversed course on Tuesday and agreed to an $85 billion bailout that would give the government control of the troubled insurance giant American International Group.

The decision, only two weeks after the Treasury took over the federally chartered mortgage finance companies Fannie Mae and Freddie Mac, is the most radical intervention in private business in the central bank’s history.

This article is about how the government is stepping in and aiding the stock market in an attempt to save our economy. I shared just a little bit but i am pretty sure you get the jist of it. Their solution is to give massive amounts of money to banks to bail them out of this oncoming "crisis."

If I were to give advice to the government it would be essentially along the same lines as what they are doing now. Help banks keep their head above water in order to keep peoples money in order. as far as private businesses go... sorry. I think that its their responsibility to keep their businesses successful, its a risk that they took making their investments.

In addition to that I think that they need to try and bring up the value of a dollar by not printing so much money. this will give our economy time to flourish. Once we have achieved this we can re-enter the world market back to full health.