Archived IMT (2008.09.19)

Congress finished meeting with Paulson and Bernanke agreeing on legislation by end of next week aimed at improving liquidity and possibly creating an institution that buys bad debt from struggling banks. There's also talk of SEC temporarily banning short selling (nothing on uptick rules). US stocks futures and Asian indices are up acorss the board, lifting the dollar against the majors at the expense of the yen.