PRESS DIGEST - New York Times business news - Sept 18
Sept 18 (Reuters) - The following were the top stories in The New York Times business pages on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.
* The financial crisis entered a potentially dangerous new phase as investors worldwide frantically moved their money into the safest investments, like Treasury bills.
* Morgan Stanley (MS.N: Cotización) and Goldman Sachs Group Inc (GS.N: Cotización) were considered to be in a separate class from weaker banks like Bear Stearns and Lehman Brothers that saw themselves evaporate.
* The mighty U.S. Federal Reserve is being stretched to its limits, both in the range of problems it is being asked to fix and in its financial firepower.
* A day after the Fed's stunning takeover of American International Group Inc (AIG.N: Cotización), its new managers began contemplating a breakup of the insurer's far-flung empire and selling it off in coming months.
* In rescuing AIG, Washington has likely undercut future efforts to promote free market policies abroad.
* Washington Mutual Inc (WM.N: Cotización), the nation's largest thrift, has begun exploring a sale in the event that it cannot find some other way to raise additional capital.
* Comments by the U.S. presidential candidates and members of Congress indicate Wall Street troubles could reverberate.
* Support seemed to be growing quickly on Capitol Hill for $25 billion in loan guarantees to assist the auto industry. Continuación...