03 October 2008

$700B financial market rescue approved

Congress passed and President George W. Bush signed a $700 billion financial-market rescue plan designed to unlock credit markets and restore confidence in the nation's banking system.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTRUXZrt.eMY&refer=home

'Paulson plan' is not a panacea
Analysis: A $700 billion 'first step' down long road to economic recovery
http://www.marketwatch.com/news/story/now-thats-here-paulson-plan/story.aspx?guid=%7B5A73C777%2DB063%2D4C58%2D9369%2DF9B3C7B24444%7D

Will the bail-out work?
http://www.economist.com/finance/displayStory.cfm?story_id=12367649&source=features_box1

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