The Morning Meeting: All About “Libor”

Yesterday we wrote about all the odd terms thrown around the table here — and it continues today (TARP, Libor, etc.). But the basic questions aren’t too complicated. Will the latest version of the U.S. rescue plan — and the global rescue efforts — open the spigots of global credit? Did the record-shattering day on Wall Street yesterday signify the beginning of the end of the crisis? We have a lot of other news today: gas prices take another drop; a friendly-fire incident in Iraq is captured by one soldier’s "helmet cam"; and — three weeks before the election — we take a look at the candidates’ economic plans, and the so-called "Bradley Effect" involving race and the vote. Stay tuned…