Dr. Peter Morici: Bernanke, Congress and President drive Stock Market rout
Jul 11th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
On Tuesday, US Federal Reserve Chairman Ben Bernanke outlined Washington efforts to restore confidence in U.S. financial institutions. Initially, this gave the market a lift. After closer examination by investors, the market continued its downward spiral on Wednesday, led by financial stocks.