U.S. stocks end mostly lower on concern about bailout
Date: Wed, 24 Sep 2008 17:03:46 -0400
U.S. stocks end mostly lower on concern about bailout
U.S. stocks close mostly lower as indecision over the Bush
administration's bank bailout plan weighs on investors, offset somewhat
by optimism over Warren Buffett's deal to buy a stake in Goldman Sachs
Group.
McCain to 'suspend' campaign, join bailout talks
Sen. John McCain says he's temporarily canceling campaign events to
return to Washington and join talks on the Treasury's proposed $700
billion rescue package for the U.S. financial system.
Wheeling and dealing continues on Paulson plan
Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke work
feverishly to garner support for their plan to buy up to $700 billion in
toxic debt because of the grave threat faced by a severe credit crunch.
Bond investors more hopeful for rescue than worried about debt
Bush's proposed rescue plan for financial company debt is being taken in
stride by holders of the nation's bonds as a necessary solution to the
crisis spreading around the globe, analysts say.
Buffett sees some form of Paulson plan passing
Billionaire investor Warren Buffett believes some form of Treasury
Secretary Henry Paulson's rescue plan for the U.S. financial system will
pass Congress.
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