News Sources: The Fed's Action and Credit Markets

The Federal Reserve's move to encourage bank lending last week has helped ease some of the panic in financial markets, but the underlying problems that led to the seizing up of credit markets are still there - and won't disappear overnight. The broader credit market is still working through the problems at the root of the crisis - risky subprime mortgages and the complex securities they have been packaged into - which means certain long-term borrowers will face difficulty getting financing for some time. Reporters looking for experts to interview on this topic can find them online at the collegenews.org database of news sources and subject matter experts from America's leading liberal arts colleges, including:

Karl Case - Professor of Economics, Wellesley College - Case is a nationally recognized expert on real estate markets and prices. He has authored several studies that attempt to isolate the causes and consequences of boom and bust cycles and their relationship to regional economic performance.

Lendol Calder - Assistant Professor of History, Augustana College - Calder is the author of Financing the American Dream, A Cultural History of Consumer Credit and a proponent of simple, debt-free living.

Beth V. Yarbrough - Professor of Economics, Amherst College - Yarbrough is the author of Cooperation and Governance in International Trade and The World Economy: Trade and Finance.