Dow jumps as Obama admin. moves on bad bank assets:
"The Obama administration aimed squarely at the crisis clogging the nation's credit system Monday with a plan to take over up to $1 trillion in sour mortgage securities with the help of private investors. For once, Wall Street cheered. The announcement, closely stage-managed throughout the day, filled in crucial blanks in the administration's financial rescue package and formed what President Barack Obama called 'one more critical element in our recovery.'"
Monday, March 23, 2009
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