Thursday, September 18, 2008

Dow Surges 400 Points on News Fed's Buying Bad Debt

Let us dispense with the pleasantries... we're buying the bad debt directly. "Wall Street rallied in a stunning late-session turnaround Thursday, shooting higher and hurtling the Dow Jones industrials up 400 points following a report that the federal government may create an entity that will take over banks' bad debt."

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