Paulson financial rescue plan
Speakapedia Podcast
English - September 24, 2008 10:44News Education wikipedia speakapedia learning learn news current events affairs Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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With the economy of the U.S in jeopardy, Henry Paulson's financial rescue plan represents a bold move to get the financial markets back on track. But what are the details and do the experts think it will work?
The Secretary of the Treasury Paulson and President Bush announced a proposal for the federal government to buy up to US$ 700 billion of illiquid mortgage backed securities with the intent to increase the liquidity of the secondary mortgage markets and reduce potential losses encountered by financial institutions owning the securities.