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Article: Council of Institutional Investors Statement on the Federal Response to the Financial Crisis
- Article from:
- U.S. Newswire
- Article date:
- September 23, 2008
CopyrightCopyright 2008 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: NATIONAL EDITORS
Contact: Amy Borrus of The Council of Institutional Investors, +1-
202-261-7082, amy@cii.org
WASHINGTON, Sept. 23 /PRNewswire-USNewswire/ -- 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 ...