Stocks Surge as Washington Seeks Solution

Schachter, Ken
September 2008
Red Herring;9/18/2008, p5
Trade Publication
The article reports on an increase in the value of stocks in the U.S. market influenced by the plan of Washington to establish a government entity that would eliminate the illiquid debt securities that affected financial markets worldwide. U.S. Treasury Secretary Hank Paulson is considering the creation of a government entity that would allow beleaguered financial companies unload the debt instruments that have put markets worldwide under pressure. It would follow some of the outlines of the Resolution Trust Corp.


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