To the Point

Bush Administration, Central Banks Try to Reassure Markets

President Bush cancelled political fundraisers today to stay in Washington and confer with his advisors about what he calls " adjustments " in the financial markets. Yesterday's bailout of insurance giant AIG did not improve investor confidence.

By Warren Olney • May 12, 2014 • 1 min read

President Bush cancelled political fundraisers today to stay in Washington and confer with his advisors about what he calls "adjustments" in the financial markets. Yesterday's bailout of insurance giant AIG did not improve investor confidence. This morning, central banks in America, Europe and Asia promised another $180 billion to calm investors' fears. Evan Newmark reports for the Wall Street Journal.

Warren Olney
former KCRW broadcaster
Evan Newmark
Reporter, Wall Street Journal

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To the Point

Bush Administration, Central Banks Try to Reassure Markets

President Bush cancelled political fundraisers today to stay in Washington and confer with his advisors about what he calls " adjustments " in the financial markets. Yesterday's bailout of insurance giant AIG did not improve investor confidence.

Share

To the Point

Bush Administration, Central Banks Try to Reassure Markets

President Bush cancelled political fundraisers today to stay in Washington and confer with his advisors about what he calls " adjustments " in the financial markets. Yesterday's bailout of insurance giant AIG did not improve investor confidence.

Share