Government Unites, Salvages Economy
On Friday, President Bush, Congress, and the federal government acted. The Federal Reserve expanded lending. They injected cash. They will purchase short-term debt obligations. The United States Department of Treasury guaranteed money market mutual funds. The Securities and Exchange Commission suspended short-selling. The Dow Jones Industrial Average soared 368 points. Hallelujah!
posted by Daily Observer at 4:15 PM
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