How about this ? : http://us.rd.yahoo.com/finance/finhome/topstories/apf/*http://biz.yahoo.com/ap/070831/bernanke.html?.v=18 AP Bernanke Says Fed Will Do What's Needed Friday August 31, 11:40 am ET By Jeannine Aversa, AP Economics Writer Bernanke Says Fed Will Act As Needed to Limit Economic Fallout From Credit Crisis JACKSON, Wyo. (AP) -- Federal Reserve Chairman Ben Bernanke pledged Friday that the central bank will "act as needed" to keep the credit crisis that has unhinged Wall Street from hurting the national economy. In anxiously awaited remarks, Bernanke didn't specify what the Fed's next move will be but made clear policymakers are keeping close tabs on the problem, which has roiled investors in the United States and around the globe.
Even as Bernanke vowed Fed action, he sought to temper investors' expectations. "It is not the responsibility of the Federal Reserve -- nor would it be appropriate -- to protect lenders and investors from the consequences of their financial decisions," Bernanke said. "But developments in financial markets can have broad economic effects felt by many outside the markets, and the Federal Reserve must take those effects into account when determining policy." Other top stories headline : Stocks Rise After Bush, Bernanke Speak AP Consumer Spending Rebounds in July AP Bush Outlines Aid for Mortgage Holders AP In fact : 23.00 WIB : Dow13,368.79 130.06 (0.98%) Regards, Tony Dean Earwicker <[EMAIL PROTECTED]> wrote: This is not good for Monday. Not good at all. Oh well... Regards, DE http://www.reuters.com/article/marketsNews/idINL3174070420070831?rpc=44 European shares pare gains on Bernanke comments Fri Aug 31, 2007 10:13AM EDT LONDON, Aug 31 (Reuters) - European shares pared gains on Friday after U.S. Federal Reserve Chairman Ben Bernanke failed to offer clear clues on the direction of interest rates. At 1408 GMT, the FTSEurofirst 300 (.FTEU3: Quote, Profile, Research) was up 1 percent at 1530.09 points, after rising briefly to 1, 537.98 points soon after Bernanke started speaking. Bernanke said that it was not the Fed's responsibility to protect lenders and investors from the consquences of their decisions. Across the Atlantic, U.S. stocks also gave up some gains, with the Dow Jones industrial average (.DJI: Quote, Profile, Research) up 0.6 percent, the Nasdaq (.IXIC: Quote, Profile, Research) up 0.9 percent and the S&P 500 (.SPX: Quote, Profile, Research) up 0.8 percent. --------------------------------- Sick sense of humor? Visit Yahoo! TV's Comedy with an Edge to see what's on, when.
