Kamis, 18 September 2008

The Socialization of Wall Street Continues: "US Plans to Clean Up Finance System...."

The WSJ reports:The Federal government is planning a sweeping series of programs/rescues/bailouts that would represent the biggest intervention in financial markets since the 1930s:"At the center of the potential plan is a mechanism that would take bad assets off the balance sheets of financial companies, according to people familiar with the matter, a device that echoes similar moves taken in

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