2008年11月14日星期五

The United States announced the rescue package is invalid


U.S. Treasury Secretary Paulson said on the 12th, taking into account the market situation changes, the United States last month out of 700,000,000,000 U.S. dollars rescue package will be of use to change from preparation of the banks to buy non-performing assets to the stability of other ways Financial markets. Paulson said the change was made because the U.S. government after careful assessment of the view that the current market conditions, the purchase of bank non-performing assets to stabilize the financial market is not the most effective way. He stressed that the U.S. Treasury and the Federal Reserve will continue to be concerned about this issue and to explore whether, in what manner the United States in order to strengthen the financial system and ease the credit crunch situation. Since mid-September, the United States sub-loan crisis intensified, and gradually evolved into a full-scale financial crisis. The U.S. Congress early last month adopted a 700,000,000,000 U.S. dollars rescue package program, which aims to buy non-performing assets of banks so that credit markets return to normal operation, but after the introduction of the program has not been fully implemented. As market conditions change, the U.S. Treasury Department had been modified to carry out the program, announced that it would take 250,000,000,000 U.S. dollars to buy a direct stake in the bank as a way to the bank to inject capital, the plan has been implemented in part. In addition, Paulson warned on the same day that the U.S. financial system remains fragile and bad loans of financial institutions is still significant, and the U.S. economy is in decline and facing a series of other challenges. But he stressed that, thanks to a series of measures to deal with the United States and the world financial system has to improve the signal that the U.S. financial system more stable than a few weeks ago.

没有评论: