How will the Plan be received? |
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Today’s comment Majors & Scandies By the Majors & Scandis Team The rescue plan was on Friday without doubt the dominating theme in the financial markets. It soon became clear that the authorities would not be able to finish the plan before the weekend and it had a disappointing effect among market participants. However, on Sunday congressional leaders agreed on a draft that will allow the US Treasury to buy up to $700 billion of troubled debt securities from the banks. The plan will be
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