Monday, March 23, 2009

Finally, A Financial Plan From The Obama Administration

http://money.cnn.com/2009/03/23/news/companies/treasury_plan/index.htm

I haven't gone over the details with a fine-toothed comb, but from what I gather this plan will allow private investors to buys bad assets with the government matching what the investors put up. This plan also gets credit flowing again to make it easier to get loans.

And I guess Wall Street like the plan because as I write this, the Dow is up 265 points.

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