TITLE

Bad-Asset Plan Ignites Rally; Its Longevity Doubted

AUTHOR(S)
Kuehner-Hebert, Katie
PUB. DATE
March 2009
SOURCE
American Banker;3/24/2009, Vol. 174 Issue 56, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the large increase in the values of bank stocks and the broader markets that occurred on Monday March 23, 2009. The soaring prices are attributed to the plan released by the U.S. Treasury for a public-private partnership which would buy toxic assets held by U.S. banks. Also discussed is whether or not the stock market rally would be sustained over time.
ACCESSION #
37150796

 

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