The US government has introduced what President George W.
Bush called unprecedented measures to end the country's most serious financial crisis in decades. Bush told a press conference at the White House that the purchasing of bad debts from banks was a pivotal moment in DJ Euro stoxx 50 jumps on hope of US government solution to financial crisis ...
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Fed ready to aid investment banks ... US economic history. Washington acted after a roller-coaster week on stock markets as investors were shaken by an ongoing credit crisis. On Friday, Treasury Secretary Henry Paulson announced a plan to buy troubled assets from financial companies that he and Federal Reserve Chairman Ben Bernanke said could cost close to one trillion dollars. Stock markets in the US and Europe greeted the rescue plan with strong rallies.
(Deutsche Welle)
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