The 700 Billion Dollar Blank Check
John Dunbar, The Associated Press: "First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets. Then it was about using $250 billion of it to buy stakes in banks. The idea was that banks would use the money to start making loans again. But reports surfaced that bankers might instead use the money to buy other banks, pay dividends, give employees a raise and executives a bonus, or just sit on it."
https://www.truthout.org/102908A
https://freepage.twoday.net/search?q=$700
https://freepage.twoday.net/search?q=mortgage
https://freepage.twoday.net/search?q=credit+market
https://www.truthout.org/102908A
https://freepage.twoday.net/search?q=$700
https://freepage.twoday.net/search?q=mortgage
https://freepage.twoday.net/search?q=credit+market
rudkla - 29. Okt, 23:40
