Based on details coming out that presentation, the plan calls for:
- Some $100 billion will be committed to new capital injections.
- Another $100 billion will go to the Federal Reserve's TALF program.
- And $50-$100 billion on housing measures, as expected.
GM's last ditch effort to avoid bankruptcy (FT)
Yahoo! Finance Deathwatch: 15 companies that may not survive 2008 [Yahoo is not here?](Yahoo)
China inflation drops to 1%, but higher than 0.8% expectations (Bloomberg)
Ukraine asks for $5 billion loan from Russia to cover budget deficit [good luck] (Moscow Times)
Kuwait may get back in Dow/Rohm and Haas deal, more $$$ for Paulson (FT)
Insider trading in Russia finally to be considered a crime (Moscow Times) Sphere: Related Content Print this post