Czech Republic · September, 2008
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Stories Czech Republic from September, 2008
Global: Scenes from a bailout
Middle East & North AfricaSeptember 22, 2008
In what U.S. Treasury Secretary admitted was a “humbling, humbling time†for the country, Congressional members of America’s two major political parties spent the weekend hammering out a rescue package for the nation’s financial beleaguered system. The plan, if ratified as expected by Congress, calls on the U.S. government to spend up to $700 billion purchasing “troubled mortgage assets of crippled financial firms.â€