Amid growing financial market turbulence and cries for an interest rate cut, the Federal Reserve Board says it is "providing liquidity to facilitate the orderly functioning of financial markets." A week later, the Fed says "conditions have deteriorated" and it "is prepared to act as needed, but doesn't cut rates, waiting to do so at regularly-scheduled FOMC meeting Sept. 18.
>Slideshow: 2008 Bank Failures
>Slideshow: Largest US Bankruptcies