Archived IMT (2008.09.18)

by Ashraf Laidi

Sep 18, 2008 20:02

Stocks soar, USD gains and JPY weakens as CNBC reports of possible solution similar to the Resolution Trust Commission (RTC) used during the Savings & Loans crisis of 1989-90, whereby a fund was created to buy all bad loans off banks, giving time for banks to focus on their remainingfood assets/loans. Treasury has not yet confirmed anything.

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