Friday, September 19, 2008

Check out this article!

Because of recent news concerning the stock market crash, I chose an article that talked about how the US national government was dealing with it.

http://www.nytimes.com/2008/09/20/business/economy/20cndleadall.html?pagewanted=1&_r=1&ref=washington


In this article, it talks about how immediate help and relief was essential, and what actions Washington had taken to provide that relief. It talks about how the government decided to buy distressed mortgages at deep discounts from the banks. It also talked about how the government banned short sales of 799 stocks, and how the government was going to put a lot of money into the institutions that needed it in order to restore order and to stop the chaos. It basically just talks about what steps have been taken in response to this event, and how things have helped, and it talks about what else still needs to be done in order to make things right again.

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