12

Nov

Paulson backs off asset plan; crisis deals at risk (Reuters)

Filed Under (Personal Finance) by on 12-11-2008

State Bank of Pakistan Governor Shamshad Akhtar speaks during a news conference in Karachi, November 12, 2008. Pakistan hiked its key interest rate on Wednesday in a move that could find favor with the International Monetary Fund as the government seeks billions of dollars in loans to fend off a balance of payments crisis. (Athar Hussain/Reuters)Reuters - The U.S. Treasury backed away from using a $700 billion bailout fund to cleanse bank balance sheets of toxic mortgage debt, while Europe reported more gloomy economic news and the World Bank warned that international trade may contract in 2009.

--- Reuters ...

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  1. insurancesitesfind » Blog Archive » Paulson backs off asset plan; crisis deals at risk (Reuters … on 12 Nov 2008 at 1:25 pm #

    [...] Reuters – The US Treasury backed away from using a $700 billion bailout fund to cleanse bank balance sheets of toxic mortgage debt, while Europe reported more. Read more [...]

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