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Selected and fresh photos from around the web.

  • Editor's pick
    • Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008. From Reuters Pictures by Reuters.

      Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.

    • A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean. From Reuters Pictures by REUTERS.

      A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.

    • BANGKOK, THAILAND - AUGUST 30:  A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej. From Getty Images.

      BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.

    • Georgian soldiers run near a blazing building after a Russian bombardment in Gori, 80 km (50 miles) from Tbilisi, August 9, 2008. A Russian warplane dropped a bomb on an apartment block in the Georgian town of Gori on Saturday, killing at least 5 people, a Reuters reporter said. The bomb hit the five-story building in Gori close to  Georgia's embattled breakaway province of South Ossetia when Russian warplanes carried out a raid against military targets around the town. From Reuters Pictures by REUTERS.

      Georgian soldiers run near a blazing building after a Russian bombardment in Gori, 80 km (50 miles) from Tbilisi, August 9, 2008. A Russian warplane dropped a bomb on an apartment block in the Georgian town of Gori on Saturday, killing at least 5 people, a Reuters reporter said. The bomb hit the five-story building in Gori close to Georgia's embattled breakaway province of South Ossetia when Russian warplanes carried out a raid against military targets around the town.

  • Hot off the wire
    • Ecuador's Cristian Benites, left, fights for the ball with Chile's Arturo Vidal during a World Cup 2010 qualifying soccer match in Quito, Sunday, Oct. 12, 2008. From AP Photo by Fernando Vergara.

      Ecuador's Cristian Benites, left, fights for the ball with Chile's Arturo Vidal during a World Cup 2010 qualifying soccer match in Quito, Sunday, Oct. 12, 2008.

    • Chile's Gonzalo Jara (L) heads the ball beside Ecuador's Alejandro Castillo during their World Cup 2010 qualifying match at the Atahualpa stadium in Quito October 12, 2008. From Reuters Pictures by REUTERS.

      Chile's Gonzalo Jara (L) heads the ball beside Ecuador's Alejandro Castillo during their World Cup 2010 qualifying match at the Atahualpa stadium in Quito October 12, 2008.

    • SEATTLE - OCTOBER 12:  Seattle Seahawks fans remain in their seats after the Seahawks were defeated 27-17 by the  Green Bay Packers on October 12, 2008 at Qwest Field in Seattle, Washington. From Getty Images.

      SEATTLE - OCTOBER 12: Seattle Seahawks fans remain in their seats after the Seahawks were defeated 27-17 by the Green Bay Packers on October 12, 2008 at Qwest Field in Seattle, Washington.

  • Recently starred
    • Omnialuo's designer Zheng Luo acknowledges applause after presenting her Spring 2009 collection at New York Fashion Week September 12, 2008. From Reuters Pictures by REUTERS.

      Omnialuo's designer Zheng Luo acknowledges applause after presenting her Spring 2009 collection at New York Fashion Week September 12, 2008.

    • In this image released by Ghostlight Records, Patti Lupone's CD, "Patti Lupone at Les Mouches," is shown. The album  is a digitally restored concert recording of LuPone's 1980 solo show at the New York club Les Mouches. The CD will be released Nov. 11 by Ghostlight Records. From AP Photo by AP.

      In this image released by Ghostlight Records, Patti Lupone's CD, "Patti Lupone at Les Mouches," is shown. The album is a digitally restored concert recording of LuPone's 1980 solo show at the New York club Les Mouches. The CD will be released Nov. 11 by Ghostlight Records.

    • Geraman Timo Ball is pictured during his game mens singles final at the European Table Tennis Championships against Belarussian Vladimir Samsonov in St. Petersburg on October 12, 2008. Ball won 4-2. From Getty Images by AFP/Getty Images.

      Geraman Timo Ball is pictured during his game mens singles final at the European Table Tennis Championships against Belarussian Vladimir Samsonov in St. Petersburg on October 12, 2008. Ball won 4-2.

    • Thousands of Roman Catholic devotees follow the image of Our Lady of Nazareth (bottom) at port area during the 'Cirio de Nazare' (Nazareth Candle) celebrations in Belem, northern Brazil, on October 12, 2008. Near two million pilgrims participated in Brazil's biggest Catholic procession. From Getty Images by AFP/Getty Images.

      Thousands of Roman Catholic devotees follow the image of Our Lady of Nazareth (bottom) at port area during the 'Cirio de Nazare' (Nazareth Candle) celebrations in Belem, northern Brazil, on October 12, 2008. Near two million pilgrims participated in Brazil's biggest Catholic procession.

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Federal Reserve / Articles Organization

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...the great economist Ned Gramlich who warned about the destructive impacts of subprime lending repeatedly since 2000 as a Federal Reserve Board Governor. Unfortunately, Chairman Greenspan and the other free-market-oriented members of the Board did not heed...
...to purchase unprecedented amounts of US Treasuries primarily Treasury Bills (or of late the term Cash Management Bills of which there has been countless auctions). We note in examination of the Federal Reserve statistics that the memorandum item of mar...
...the reason AIG was rescued. Initially, a "short term loan" (as you can see in the previous subject) was arranged by the Federal Reserve and US treasury. AIG's Financial Services unit in London wrote and guaranteed over $400 billion worth of CDO's (Collateralized...
...one seemed to have a convincing response. Mr Greenspan is no ordinary person. He is not just a former chairman of the Federal Reserve. He has known George Bush, Dick Cheney, Donald Rumsfeld, and other top leaders for years and has had access to everyone who...
...but ordinary bureaucratic information loss. The knowledge that existed inside Freddie Mac, Fannie Mae, Treasury, and the Federal Reserve did not flow up to the leaders of those organizations. The Right wants to blame overly-aggressive lending to minorities...
...Fargo & Company (NYSE: WFC) said today that the Board of Governors of the Federal Reserve has approved its application to merge with Wachovia Corporation (NYSE: WB) including all its subsidiaries, and the share exchange agreement previously entered into between Wachovia...
...with the stock market crash of 29 October 1929 and ended some time in the late 1930s. President Roosevelt's chairman of the Federal Reserve, Marriner Eccles, tried to sum up its essence in his memoirs published in 1951. He had led the Federal Reserve from...
...we face and the steps we are taking: First, key markets are not functioning because there is a lack of liquidity. So the Federal Reserve has injected hundreds of billions of dollars into the system. The Fed has joined with central banks around the world to...
...the stakeholder of last resort. No one could have predicted such a change in attitude, even a few months ago when the Federal Reserve underwrote the ostensibly private acquisition of Bear Stearns Cos. The world has changed. Now the government has nationalized...
...in Morgan Stanley, while hoping that other measures to support the broader market, such as widened access to the Federal Reserve discount-lending window or propping up the commercial paper market, will stabilize the firm. The situation is fluid, though, and...

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