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Reuters: U.S. readies massive toxic-debt plan

Started by chris, September 20, 2008, 12:00:25 PM

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chris

U.S. readies massive toxic-debt plan
      


NEW YORK (Reuters) - The government is preparing a sweeping bailout to mop up hundreds of billions of dollars in toxic mortgage debt, after curbing short-selling and guaranteeing money-market mutual funds in an effort to bring stability to the financial markets.
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