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Stocks Surge as U.S. Acts to Shore Up Money Funds and Limits Short Selling - NYTimes.com

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Stocks Surge as U.S. Acts to Shore Up Money Funds and Limits Short Selling - NYTimes.com
Topic: Miscellaneous 1:30 pm EDT, Sep 19, 2008

not enough, the federal government started to put in place on Friday a sweeping plan to restore confidence in the financial markets.

The actions began to get under way on Thursday with discussions between the Treasury, Federal Reserve and Congressional leaders on what could become the biggest bailout in United States history, a plan likely to authorize the government to buy distressed mortgages at deep discounts from banks and other institutions.

Stocks Surge as U.S. Acts to Shore Up Money Funds and Limits Short Selling - NYTimes.com



 
 
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