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U.S. gasoline inventories lowest since 1967: EIA

U.S. gasoline inventories have dropped to their lowest level since 1967 after Hurricanes Gustav and Ike shut Gulf Coast oil refineries, causing some supply shortages at service stations, the Energy Information Administration said Wednesday.

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NYSE Regulation CEO says expects U.S. SEC to extend emergency short order beyond Oct 2 to 30-day maximum – Reuters

Wall St.’s dark days, Bay St.’s new dawn

As the dust settles from the biggest transformation of U. S. finance in 80 years, Canadian banks have much to gain…

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Political wrangle over US bail-out fund

A high-stakes game of political poker was under way in Washington on Sunday as Congress prepared to vote this week on a plan to create a $700bn fund to buy toxic assets from banks and thereby ease the credit squeeze.

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Paulson resists calls for added help in bailout

WASHINGTON - Treasury Secretary Paulson is resisting a Democratic push to add additional help for households to the $700 billion bailout bill..

http://news.yahoo.com/s/ap/20080921/ap_on_bi_ge/financial_meltdown

Exclusive: Foreign banks may get help

In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department’s mortgage bailout, according to the fine print of an administration statement Saturday night.

http://www.politico.com/news/stories/0908/13690.html

Authorities may be selling short the short sellers, but it’s working

Mention “short sellers,” and most investors conjure up an image of nasty and brutish characters, hunched over computer screens and cackling happily as their market machinations ruin companies.

Think Danny DeVito or Michael Douglas as corporate raiders, in the films Other People’s Money and Wall Street. Those dudes were clearly villains, and it’s no wonder American and European market watchdogs cracked down on the likes of them.

http://www.reportonbusiness.com/servlet/story/RTGAM.20080919.wbanksshorts20/BNStory/Business/home

Paulson says U.S. taxpayers at risk in bailout plan

U.S. Treasury Secretary Henry Paulson acknowledged on Sunday an emergency rescue plan aimed at stabilizing a financial system in freefall will cost taxpayers money, but argued that costs will not be as high the $700 billion limit of the package.

http://www.reuters.com/article/newsOne/idUSWBT00976620080921

S&P 500 Is Unchanged, Wall Street Forever Altered: Chart of Day

U.S. stocks were little changed this week.

The CHART OF THE DAY shows the swings in the Standard & Poor’s 500 Index that left the equity benchmark up 0.3 percent since Sept. 12. That’s the smallest weekly move for the S&P 500 in a month, even as it posted the biggest daily plunges in seven years and the steepest two-day surge since the aftermath of the October 1987 stock-market crash.

http://www.bloomberg.com/apps/news?pid=20601087&sid=abMAFiGjkfV4&refer=home