Treasury Secretary Henry Paulson Jr. on Wednesday announced a major shift in the thrust of the $700 billion financial rescue program, at the same time joining several agencies in prodding banks to speed up the thaw in the country's credit system.Or was it all just a bait-and-switch routine?
Paulson said the $700 billion would not be used to buy up troubled mortgage-related securities, as the rescue effort was originally conceived, but would, instead, be used in a broader campaign to help financial markets and, in turn, make loans, including car and student loans, more accessible for creditworthy borrowers.
Wednesday, November 12, 2008
Making it up as you go along
The use of improvisation as a comedic device is one thing, using the very same to avert economic stagnation is quite another. The latest stand-up routine from Night at the Improv:
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