The $700 Billion Bailout Is Cheap

Poltenson, Norman
October 2008
Business Journal (Central New York);10/10/2008, Vol. 22 Issue 41, p28
The author presents his view on U.S. Treasury Secretary Paulson's $700 billion bailout plan. He asserts that the obvious impact to Paulson's bailout plan is that it will remove the panic that seized the improvement in stock markets and would bring investors into normalcy. However, he points out, that despite the bailout plan, the stock markets continue to shed trillions in value, suggesting that the public has no faith in the bailout solution.


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