Bailout v. 2.0: The Treasury looks to be changing its bailout strategy after its initial actions failed to significantly loosen the credit markets: it's now planning on taking an ownership stake in U.S. banks. Will it work? Only my IRA knows for sure.
Thursday, October 09, 2008
Posted by Gerry Canavan at 8:36 AM
Labels: liquidity crisis, stock market, the bailout, the economy, Wall Street
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