U.S. readies massive toxic-debt plan (Reuters)

Posted by admin on September 22, 2008 under News | Be the First to Comment

U.S. readies massive toxic-debt plan (Reuters)

A trader Jeff SIlver pauses in the S and P 500 pit at the Chicago Mercantile Exchange, September 19, 2008. (John Gress/Reuters)Reuters – The U.S. government is preparing to mop up hundreds of billions of dollars in bad mortgage debt, after curbing short-selling and guaranteeing mutual funds in an effort to stabilize financial markets.


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