Saturday, October 11, 2008

U.S. to buy financial equity


Bush administration will move ahead with a plan to buy stock in financial institutions and to implement the new rescue package more swiftly and thoughtfully and is expected to start announcing next week the private sector asset management firms that will help run the program.In the previous week the U.S Congress passed on a 700$ billion bailout plan to help the ailing firms.

0 comments: