US Banking System Rescue

October 13th, 2008 7:30 pm | by John Jansen |

The Treasury will make a statement tomorrow morning at 830AM EDT on its market stability initiative. Here is a link to the press release.

Update: Here is link to the Bloomberg story on the Treasury plan to recapitalize the battered, bruised and beaten banking sector. Treasury will spend a cool crisp $250 billion dollars to ensure the safety of America’s financial giants.

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  1. 2 Responses to “US Banking System Rescue”

  2. By JLA on Oct 13, 2008 | Reply

    Futures love it. And the 10 year bond is now trading over 4%.

  3. By mawa32 on Oct 14, 2008 | Reply

    Laughter in middle of stock market madness. Details below:

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