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Government Tries to Save the Economy
What went wrong? Will the massive $700 billion bailout plan work?
http://www.bellaonline.com/articles/art48197.asp
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FINANCIAL MARKETS HIGHLIGHTS for the WEEK ENDED SEPTEMBER 26,2008
Most financial markets just treaded water this week as they awaited details of the federal government bailout plan for financial companies.
One lowlight of the week was the biggest US financial institution ever going bust - WAMU or Washington Mutual. Luckily, the FDIC was able to arrange for JP Morgan Chase to take over the assets.
Next on the list may be Wachovia Bank and National City Bank.
I hope to hear from you sometime soon, either in the forum or in response to this email message.
Tony Daltorio, Investing Editor
http://investing.bellaonline.com
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