MoreWe finally have some good news out of the financial sector,
as the Dow enjoyed its highest single-day point increase ever yesterday with a
936-point gain. Worldwide markets are showing positive signs as well. Futures
are looking good and indicate that today could be another banner day on Wall
Street.
A few minutes ago, President Bush announced a new $250 billion package to help banks through the credit crisis. The plan will enable the government to invest in banks in return for an equity stake.
Is this latest bailout plan simply a needed boost, or does it signal the beginning of the nationalization of the U.S. financial system? Please share your thoughts by adding a comment below.
A few minutes ago, President Bush announced a new $250 billion package to help banks through the credit crisis. The plan will enable the government to invest in banks in return for an equity stake.
Is this latest bailout plan simply a needed boost, or does it signal the beginning of the nationalization of the U.S. financial system? Please share your thoughts by adding a comment below.
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