Experts Say New Rescue Plan May Encourage Lending But Won't Stop Recession
When the Bush administration announced its new version of the $700 billion financial rescue plan first approved by Congress earlier this month, many observers cheered and optimism helped drive U.S. stocks to record gains.
Now, as the dust settles, economists and other experts are analyzing how the plan will help the U.S. economy -- and how it won't.
"The nature of the financial crisis has morphed from a housing problem to a credit crunch to a full blown modern day bank panic," said Kenneth... Full Story
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