FDIC Chairman Sheila Bair is still hoping to get federal bailout money to help homeowners avoid foreclosure. Wall Street took another drubbing on Thursday, as the Dow dropped another 445 points. The Big Three automakers have to show they have a plan before the federal government will give them the $25 billion they have been asking for to help keep them in business. Citigroup continued to bleed its market price during trading on Thursday losing 26 percent of its worth and hitting a 15-year low.”]
Source: https://www.cuinfosecurity.com/paulson-warns-against-harsh-regs-a-1071