Fed will protect economy, not individuals: Mishkin

November 30, 2007

Fed will protect economy, not individuals: Mishkin
CAMBRIDGE, Massachusetts (Reuters) - The Federal Reserve will act to protect the wider economy from financial turmoil but not to shelter individual investors from losses, Fed Board Governor Frederic Mishkin said on Thursday.

Source: feeds.reuters.com

Banks, U.S. near deal to freeze subprime rates: report
NEW YORK (Reuters) - The Bush Administration is close to agreeing on a pact with major financial institutions that would temporarily freeze interest rates on certain subprime loans, the Wall Street Journal reported Friday, citing sources familiar with the negotiations.