Word: rescuees
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The effort to revive Britain's flagging banking sector has reversed the government's fortunes. Prime Minister Brown's broadly popular plan - which includes extra liquidity for banks and government guarantees for their debt - has inspired similar rescue packages across Europe. Still, one model won't fit all. "Some countries...
It seems unlikely that Reid's contretemps will be the last. At least part of the recently passed $700 billion financial rescue plan will be used to inject cash into banks and other financial companies in an effort to unlock frozen capital markets. Which banks get how much remains to...
Economists can argue over the efficacy of Obama's plans, but they had the advantage of being easily understood in a world full of mysterious catastrophes. Obama proposed tax breaks for businesses that create new jobs, a freeze on foreclosures by banks that participate in the government's rescue program...
The euro group plan aims at freeing up credit markets by underwriting loans banks make to one another - activity that has virtually halted amid general suspicion about borrowers' ability to reimburse funds - and resume the lending to companies and consumers necessary for economic growth. The euro group package will also...
How did the vote on the $700 billion rescue plan affect the bill's passage? Were you worried it would get sidelined? I had no concern. The economy is in bad shape in a number of ways, and it may be that we're going to have trouble finding out...