ID:

252

Date:

2007-10-03

Headline:

Bernanke reached out for advice

Reporter's name:

Jeannine Aversa

Delay/denial:

No

Lawsuit:

No

Fees:

No

Media outlet:

Associated Press

City:

Washington, DC

Summary:

One day after Federal Reserve Chairman Ben Bernanke and central bank officials decided to leave a key interest rate unchanged, he talked with Citigroup's Robert Rubin and other key financial players and within days the Fed began to send billions of dollars into U.S. financial companies in an effort to correct a downward spiral on Wall Street, according to documents obtained under FOIA by a University of Pennsylvania professor, Bloomberg News and Associated Press reported.

Keywords:

Federal Reserve, Chairman Ben Bernanke, Citigroup, Robert Rubin, Wall Street, University of Pennsylvania's Wharton School, Hyperion Capital Management Inc., Bridgewater Associates, Bank of England Governor Mervyn King, Goldman Sachs, Sen. Chris Dodd, Ford Motor Co.

Agencies:

FED

States:

UT

Categories:

business