US abandons plan to buy toxic assets (AFP)

By

A trader bows his head at the Hong Kong Stock Exchange. The Dow Jones Industrial Average shed 4.7 percent after the announcement, and the gloom spilled over into Asia. Hong Kong shares plunged 6.2 percent at opening, while Tokyo lost 5.1 percent by midday.(AFP/File/Ted Aljibe)AFP - The US government abandoned plans to buy up the toxic mortgage assets at the heart of the global financial crisis, a reversal that helped send ailing world markets spiralling even lower.

--- AFP ...



categoriaPersonal Finance commentoNo Comments dataNovember 12th, 2008

About...

This author published 98 posts in this site.

Share

Leave a comment


 

Pages

Потребление памяти: 31.36MB 
Page 1 of 11
  • Treasury backs away from plan to buy bad assets (Reuters)