TITLE

Local economists, stateside analysts weigh-in on proposed bailout plan

AUTHOR(S)
Carmona, José L.
PUB. DATE
October 2008
SOURCE
Caribbean Business;10/2/2008, Vol. 36 Issue 39, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the impact of the proposed bailout plan on the economy of Puerto Rico. The $700 billion bailout legislation that the administration of U.S. President George W. Bush is promoting would allow the government to buy bad mortgages and other rotten assets held by troubled banks and financial institutions. For Puerto Rico, the bailout means the threat of a collapse of the U.S. financial systems can be written off in the short run.
ACCESSION #
34703734

 

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