Treasury Seeks Authority to Buy $700 Billion Assets
Posted by financialbriefs on September 21, 2008
Sept. 20 (Bloomberg) — The Bush administration asked Congress for unchecked power to buy $700 billion in bad mortgage investments from U.S. financial companies in what would be an unprecedented government intrusion into the markets.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1hr1v2FUeAg&refer=home
financialbriefs said
crank up the printing presses…