Financial Turmoil: Federal Reserve Policy Responses.

The article focuses on a report released by the U.S. Congressional Research Service (CRS) as of December 4, 2008 on the financial crisis in August 2007 in the U.S. Topics discussed include Federal Reserve's (Fed) effort to expand lending to the banking system and then extension to lending to non-bank financial firms, Fed's role in acquisition of investment firm Bear Stearns by financial services firm JPMorgan Chase and Fed's assistance to financial firm American International Group.