- Thread starter
- #91
Re: Due Diligence: Here's what's happening to US Financial Market
Wow, after Paulson says he's going to "invest" all of his $700 Billion in bank shares (and not buy *any* troubled assets, ie mortgages), the FDIC announced this today:
FDIC unveils plan to modify mortgages - Yahoo! News
http://money.cnn.com/2008/11/14/news/economy/fdic_bair/?postversion=2008111409
Seems like we've got some interdepartmental fighting at the federal level on how to spend the money.
That's not good, but is certainly expected, given the huge amount of $$$ on the table here (and differing views on how to best address the crisis).
-Russ H.
PS I'm still looking for a good non-political article that describes what Paulson's plan (unveiled this past Wed) does. I have yet to find a good, all-encompassing article that does not bleed political crap. I will continue to work on this, and find a good reference for the readers of this thread.
Wow, after Paulson says he's going to "invest" all of his $700 Billion in bank shares (and not buy *any* troubled assets, ie mortgages), the FDIC announced this today:
FDIC unveils plan to modify mortgages - Yahoo! News
http://money.cnn.com/2008/11/14/news/economy/fdic_bair/?postversion=2008111409
Seems like we've got some interdepartmental fighting at the federal level on how to spend the money.
That's not good, but is certainly expected, given the huge amount of $$$ on the table here (and differing views on how to best address the crisis).
-Russ H.
PS I'm still looking for a good non-political article that describes what Paulson's plan (unveiled this past Wed) does. I have yet to find a good, all-encompassing article that does not bleed political crap. I will continue to work on this, and find a good reference for the readers of this thread.
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