What's Going On: Evening News Roundup
Here’s the Thursday evening news roundup: The Dow Jones Industrial Average roller coaster continues. The Dow gained 410 points today. The Federal Reserve and other major banks offered almost $200 billion for the markets. This will allow banks to borrow more money. It should ease some of the credit crunch. Steven Levitt, author of Freakonomics, invited a couple of economics professors to explain what is going on with Lehman Brothers, Bear Stearns, Fannie Mae and Freddie Mac along with AIG. It is a relatively long and detailed discussion, though somewhat enlightening. Putnam investments has closed a $12.3 billion fund in order