today. After turning down the 1st proposal, the
House of Representatives voted 263 in opposition to
171 to endorse a plan to give the Treasury $300
billion in instant funds to take deadly debt from
banks' and lenders' balance sheets to make
confidence stable and defrost the iced-up credit
markets. Right after following the vote, stocks pulled
back from their pre-event highs and dollar instability
was changed a bit. A quiet response from the carry
trade, Treasuries and credit default swap indexes
indicates there might be cynicism on this bills
efficiency.
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