Financial news on October 14, 2007

Business and Financial news
Banks May Pool Billions to Avert Securities Sell-Off

Several of the world’s biggest banks are in talks to put up about $75 billion in backup financing that could be used to buy risky mortgage securities and other assets. Read more..

By ERIC DASH - The New York Times

Former Phone Chief Says Spy Agency Sought Surveillance Help Before 9/11

The National Security Agency sought to enlist Qwest in a domestic surveillance program in February 2001, according to the company’s former chief executive. Read more..

By SCOTT SHANE - The New York Times

See what else happened on October 14, 2007