Market Updates

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Market Alerts
from The Wall Street Journal
 
 
Two years after the peak of the financial crisis, the federal government swooped in Friday to stabilize a crucial part of the credit-union industry battered by huge losses on risky mortgage-backed securities.
 
Regulators announced a rescue of the nation's so-called wholesale credit unions, which don't deal with the general public but provide behind-the-scenes services to thousands of other credit unions across the U.S.
 
Friday's moves include the seizure of three wholesale credit unions and an unusual plan by government officials to manage $50 billion of troubled assets inherited from failed institutions.
 
http://online.wsj.com/article/SB10001424052748703499604575512254063682236.html?mod=djemalertMARKET
 
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800-568-7625) between the hours of 7 am - 10 pm Monday - Friday ET and 8 am - 3 pm Saturday ET or e-mail onlinejournal@wsj.com.
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