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Fed official alleges Geithner may have alerted banks to rate cut

Fed official alleges Geithner may have alerted banks to rate cut | MN News Hound | Scoop.it

WASHINGTON (Reuters) - In the summer of 2007, as storm clouds gathered over the world's financial system, then-New York Federal Reserve President Timothy Geithner allegedly informed the Bank of America and otherbanks about the possibility the U.S. central bank would lower one of its critical interest rates, according to a senior Fed official.

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50 arrested in Occupy Wall Street demonstration - CNN.com

50 arrested in Occupy Wall Street demonstration - CNN.com | MN News Hound | Scoop.it

New York (CNN) -- New York police arrested 50 protesters Saturday on what organizers from Occupy Wall Street were dubbing a day to "re-occupy," coinciding with the movement's three-month anniversary.

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