To the Point
Will the Latest Bailout Plan Fix the Crisis in Confidence?
Earlier we heard about today's announcement that $250 billion of the $700 billion bailout will be used to prop up American banks . We've heard about the immediate reaction from Wall Street. What about getting credit flowing again? Will the latest dramatic actions help ease the likelihood of a deeper recession?
By Warren Olney • • 1 min readEarlier we heard about today's announcement that $250 billion of the $700 billion bailout will be used to prop up American banks. We've heard about the immediate reaction from Wall Street. What about getting credit flowing again? Will the latest dramatic actions help ease the likelihood of a deeper recession? Peter Coy is Economics Editor of BusinessWeek magazine.
