Article on CNN discusses how top world banks are making adjustments.
http://money.cnn.com/2008/10/08/news/economy/fed_move/index.htm
This quote struck me, "The rate cuts are the latest in a series of groundbreaking moves by the world's top central banks to try to breathe life into embattled financial markets. And it's a sign that the problems in the U.S. economy are spreading."
There are videos included in the article talking about the Federal Reserve Bank and the effect on Asian markets.
This video was posted on Forbes.com. What a difference a couple of weeks make.
http://www.forbes.com/video/?video=fvn/talkback/rk_vlog092908
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