Paulson Says Several Countries May Adopt Bank Rescue Plans

Discussion in 'Wall St. News' started by rodmike9, Sep 21, 2008.

  1. Paulson Says Several Countries May Adopt Bank Rescue Plans

    By John Brinsley

    Sept. 21 (Bloomberg) -- Treasury Secretary Henry Paulson said he's confident several countries will take steps comparable to the $700 billion plan he proposed to buy bad mortgage-related securities to address the global financial crisis.

    ``We are talking very aggressively with other countries around the world and encouraging them to do similar things, and I believe a number of them will,'' Paulson said on ABC News' ``This Week'' program.......
  2. So if Paulson is unable to convince other countries around the world to print money along with the U.S. the dollar is toast.


    Treasury Seeks Asset-Buying Power Unchecked by Courts (Update2)

    By Alison Fitzgerald and John Brinsley

    Sept. 21 (Bloomberg) -- The Bush administration sought unchecked power from Congress to buy $700 billion in bad mortgage investments from financial companies in what would be an unprecedented government intrusion into the markets
  4. Exactly.
    The strong dollar policy never went away! LOL

  5. They'll do it. They'll step up when we're hurtin' .. They won't let us down.
  6. Paulson is going to bail out UBS and HBOS ?

    Why doesn't the US stop exporting its shit abroad ?
    First there was Coca Cola and Mc Donalds and Philip Morris, then you had massive liquidity and Xboxes for kids with reading disabilities, then you had the war on terror and laser- guided bombs that hit the alleged terrorist's neighbours, then subprime, now you have socialism for the rich and huge government deficit.