18 September, 2008

Solution: another government agency?

And free money for some, it seems. Must be nice...

"Wachovia Corp. soared 59 percent, Citigroup Inc. added 19 percent and Bank of America Corp. jumped 12 percent, sending the KBW Bank Index to its biggest gain since July. Morgan Stanley erased a 46 percent tumble and Goldman Sachs Group Inc. recovered most of a 25 percent slide as Senator Charles Schumer proposed a new agency to pump capital into financial companies..."

No comments: