Ms. Perino said the “capital injections” into the banks would involve “an equity stake” for the federal government but would not amount to a takeover.LOL - what a good BS, this is hostile take over plan.
Apparently Treasury intended to execute the plan, played by the Brits yesterday. This caused DJIA to tank 670 something points. Later, NY Times provided explanation: Plan B: Flood Banks With Cash. No wonder the rabbits were running away from the hole.
Skimming through Economists (latest edition):
Silent busts: More Chinese businesses are collapsing—though you would never know it
DJIA 8579.19 -678.91 (-7.33%)
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