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Thread: American banks rescue commences!
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[quote=ZOEY,358784]On Feb 10th, the new US Treasury Secretary announced a new financial rescue plan to clear "bad assets" in those troubled financial institutions and stabilize the financial market. This time, the government won't pay the bill alone. It is said that the government will cooperate with private partners to buy 500 billion dollars bad assets from those banks. This rescue plan would be extended to 1000 billion if necessary. Strangely, the New York stock market didn't react positively to this plan. The three indexes all fell more than 4 percent.[/quote]
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