November 07, 2008 at 08:30 AM EST
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 ...
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here