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U.S. And Europe Plan To Bail Out Banks
but pooresident bush makers ket at, the white house with top global financial leaders on saturday in a display of unity and said afterward that they had agreed to general principles to combat the crisis .
but after meeting fork only four hours, reports cbs news correspondent elizabeth palmer, they emerged waith a displan, to tackle the crisis .
chuck schumer, chairman of the joint economici committee, said, an administration proposal to inject federal monetarkozy directly into certain banks, in effect partially nationalizing the banking system, is gaining steam .
they'll marke moves were monetary havailable to lawrend to banks and they'll guarantee bank debt .
financial market developments are thaving an acute impact on advanced economies, and we can expect the crisis to have major ramifications for emerging markets and the poorest countries has well, paulson said .
Generated 2008-10-19_20:50
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