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ComMITTed to Romney: U.S. Drafts Sweeping Plan to Fight Crisis As Turmoil Worsens in Credit Markets

Posted from Planet Romney 63 days ago
Mitt Romney : Bloggers for Mitt Romney

In the midst of the worst credit crisis in our lifetimes, the Federal government is drafting a plan to get the bad assets off the books of lending institutions around the country in a bid to restore confidence and liquidity to the national banking system. Included in the plan is a move to provide federal insurance to money market funds which are experiencing a wave of redemptions. ~~John Cronin~~ http://online.wsj.com/article/SB122177442732653979.html Paulson Briefs Congress on Idea to Buy Bad Assets From Banks, Insure Money-Market Funds; Stocks Rebound Sharply By DEBORAH SOLOMON and DAMIAN ... (original story)