Tuesday morning links

TOP STORIES
Fed may cut interest rates again after all - AP
A Race for Cash at A.I.G. as Ratings Are Downgraded - NY Times
WaMu Rating Lowered to Junk by S&P on Mortgage Losses - Bloomberg
Who's next after Lehman Brothers is fed to the wolves? - Telegraph
All Eyes Are on Fed's Meeting for Rates - Wall Street Journal
New York steels for effects of Wall Street crisis - USA Today
Gross's Fund Guaranteed $760 Million of AIG Debt Through Swaps - Bloomberg

MARKETS/INVESTING
Oil plunges to $92 in Asia on US credit fears - AP
Global market turmoil continues - BBC
Gold down on oil, firm dlr; Fed meeting in focus - Reuters
Wall St. in Worst Loss Since ’01 Despite Reassurances by Bush - NY Times

ECONOMY
Big fall in energy pushes consumer prices down - AP
Expect consumers to hunker down, jobs to disappear, credit to get tighter - Globe & Mail
Manufacturing weakens in New York - MarketWatch
Industrial production drops 1.1% in August - MarketWatch

HOUSING
Home prices to fall on liquidity concerns: analyst - Reuters
Mortgage Seekers Find Rates Are Down, Credit Standards Tighter - Bloomberg
Home prices falling as inventory shrinks - In Business Las Vegas

FED/TREASURY/BANKING
Fed Gets Ready to Gulp, Save Financial System - Bloomberg
Market looks for a rate cut, but it's not certain - MarketWatch
New York Fed Makes Unusual Intervention - Real Time Economics Blog

INTERNATIONAL
European, Japanese central banks offer more cash - AP
U.S. crisis seen chilling, not halting, China reform - Reuters
British house price growth falls to record low - TimesOnline
South Korea Turns Tables on Wall Street After Bailout - Bloomberg
Inflation surges above forecasts to 4.7 per cent - TimesOnline

INTERESTING
Lehman Employees Use EBay to Offer Memorabilia, Parting Shots - Bloomberg
India's use of brain scans in courts dismays critics - IHT