Two Ways To Play: Is the Bailout a $700 Billion Flop?
Flop? According to the Wall Street Journal a survey of more than 400 firms by the Securities Industry and Financial Markets Association shows that financial companies are hesitant to participate in the Treasury’s $700 billion bailout plan because of a lack of clarity.Originally the department said it would purchase troubled assets within weeks of receiving Congressional approval. But the department has since been focusing on a separate program: The investment of $250 billion in the banking sector. Nine in 10 expressed an unwillingness to participate in the so-called Troubled Asset Relief Program (TARP) while approximately the same number spoke of their reluctance should the ...
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