Friday, March 28, 2008

Fed has no plan

http://www.washingtonpost.com/wp-dyn/content/article/2008/03/27/AR2008032703662_pf.html Leaders of the central bank had no master plan when they took those actions, no long-term strategy for taking on a more assertive role regulating Wall Street. They were focused on the immediate crisis in world financial markets. But they now recognize that a broader role may be the result of the unprecedented intervention and are being forced to consider whether it makes sense to expand the scope of their formal powers over the investment industry.

http://money.cnn.com/2008/03/28/markets/thebuzz/index.htm?postversion=2008032812 NEW YORK (CNNMoney.com) -- Where are investors putting their money in these uncertain times? Apparently, more and more are seeking safer havens in Europe, India, China and Latin America.