TITLE

New federal intervention lifts stocks, hopes

PUB. DATE
October 2008
SOURCE
Dow Theory Forecasts;10/20/2008, Vol. 64 Issue 42, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the impact of the most aggressive market invention plan of government in the U.S. The government states that it will invest $250 billion in distressed financial companies. The announcement helped drive the Dow Industrials up 936 points, or 11%. The investment will come from the $700 billion package, which has the government buying both troubled assets and stakes in the banks selling them. The move will partially nationalize the banking industry.
ACCESSION #
34922784

 

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