Financial Briefs

Breaking financial news from Wall Street to Main Street

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

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One Response to “Treasury Seeks Authority to Buy $700 Billion Assets”

  1. financialbriefs said

    crank up the printing presses…

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