Cash-for-access row and MPs grill Osborne on budget: Politics live blog 10/8 DrudgeImage by MyEyeSeesThings Get Serious.Pre-opening - Fed cut rates, generates big impact on futures, up 100 points after being down 150 points and other markets followed suit in world coordination- Does this help stabilize? Billion bailout in UK enacted -- Bank of England announces 0 pool of money for banks to borrow from - intrabank lending... First emergency rate cut by England, last time did this was on 9/11Market Opens... Dow down 206.13 pointsUS consumers paying down debt forthe first time in a decade - MarketWatchDow down more than 1400 points over past five sessionsDay Ended: The Dow closed down 189.01 to 9,258.10Henry Paulson, warned that financial "turmoil" will not end soon and that more banks are likely to bite the dust. Stocks close, stock indexes suffer sixth straight day of lossesPart I: Sept. U.S. Economic Crisis Media Study ---www.flickr.com/photos/myeye/sets/72157607584362826/Blogging on the subject starts withBigge$ st Cri$ i$ and Media--motherpie.typepad.com/motherpie/2008/09/bigget-crii-and.htmlCash-for-access row and MPs grill Osborne on budget: Politics live blogOsborne quotes from what the Bank of England said about putting up interest rates.That would push the economy back into recession, he says. Q: When did you last buy a pasty in Greggs? Osborne says he can't remember. Q: That sums it up.Read more on The Guardian (blog)More questions on Harp 2 mortgage refinancingMy mortgage is interest-only (6 percent) with Wells Fargo Bank and Freddie Mac is the owner of the mortgage. If so, do I proceed by contacting WFB? A: Yes. Borrowers can refinance loans secured by second homes and one- to four-unit investor properties ...Read more on San Francisco ChronicleView the original article here Cash-for-access row and MPs grill Osborne on budget: Politics live blog 10/8 Drudge Image by MyEyeSees Things Get Serious. Pre-opening - Fed cut rates, generates big impact on futures, up 100 points after being ... Read more » 6:22 PM