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Fed Allegedly Threatens BoA CEO

June 11, 2009 – 12:51 pm – No Comment
Fed Allegedly Threatens BoA CEO

Republicans say that the Federal Reserve threatened to oust Bank of America CEO Kenneth Lewis if they did not follow through with the plans to overtake Merrill Lynch & Co. This came after they reviewed investigation documents. They also said that there was evidence that …

Fed cuts key rate half a point

October 29, 2008 – 5:32 pm – No Comment

Today, as expected, the Fed cut the key interest rate to 1%. Some analysts are saying that the Fed won’t stop at 1%, if it needs to, the rate could go lower. A rate below 1% hasn’t been seen since the Eisenhower administration in the …