|
|
Article: Council of Institutional Investors Statement on the Federal Response to the Financial Crisis.
- Article from:
- Investment Weekly News
- Article date:
- October 11, 2008
CopyrightCOPYRIGHT 2008 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The Council of Institutional Investors urges the Treasury Department, the Federal Reserve and Congress to proceed carefully as they consider responses to the unprecedented financial crisis.
The top priority must be restoring stability to the U.S financial markets. As significant long-term investors, Council member funds have a deep, abiding interest in ensuring that the capital markets are on a sound footing. Broader, more fundamental reforms, while needed, should not be undertaken in the heat of the current crisis.
"It is in the best interest of investors for U.S. authorities and Congress to focus now on stabilizing the financial markets," said Joe ...