To no one's surprise, given the government's announced bailout, stocks have rallied, with the Dow climbing up between 300 and 400 points. President Bush had a press conference earlier, saying while the American financial system is "intricate and complex," "Investors should know that the United States government is taking action to restore confidence in America's financial markets so they can thrive again." He also summed up the times of his presidency: "Since 2001, our economy has faced a recession, the bursting of the dot-com bubble, major corporate scandals, an unprecedented attack on our homeland, a global war on terror, a series of devastating natural disasters."
Published Sep 19, 2008
Modified Sep 19, 2008
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