Current Market Climate: Today, Congress met to discuss further revisions to the proposed 700 billion dollars bailout plan, designed for the buyout of bad debts by the U.S. Treasury. Senator Chris Dodd, (D-Conn.) has been instrumental in putting together the bailout plan and explaining its merits to Congress. According to proponents of the [...]
Articles Tagged "bad debts"
This morning, officials from the G7 countries (U.S.A., Canada, Japan, Germany, France, Britain and Italy) held a conference call to discuss potential solutions to the pressing market crisis currently at play in world markets. This tentative plan includes a possible 700 billion dollar buyout of bad debts, including defaulted mortgages and other failed investments, with [...]