credit crises News

Stock markets moved lower on Friday around the world, as investors are liquidating risky positions, mounting evidence of global recession.

A wild ride on Wall Street pushed stocks lower during morning trading and finished trading with 100 point gain. Fears about economy were clearly seen as investors were in despair stage today.

The Federal Government is working on $40 billion plan to help homeowners refinance their mortgage and avoid foreclosure.

A new idea by Ben Bernanke and President Bush to help sluggish economy with new stimulus packaged helped Wall Street regain some gains. However, so far we will have to see what kind of package Congress will create.