 |
Subscribe / Renew |
 |
Contact Us |
| ► Subscribe to our Free Weekly Newsletter | |
Construction Bids
| home | Welcome, sign in or click here to subscribe. | login |
Business
Subscriber content preview
October 8, 2008
All Business: Smart people on Wall Street will find ways to profit from bailout
By RACHEL BECK
AP Business Writer
AP Business Writer
NEW YORK — Two things rule the financial world: Making money and figuring out ways to make more of it. That's why some on Wall Street are sure to figure out how to profit from the U.S. government's $700 billion financial bailout plan.
Despite its 451-page length, details so far are sparse on the just-signed emergency rescue for the financial system. We do know that banks and other institutions will be able to sell their distressed assets to the government, however, maybe for more than what they could get in the market right now.
. . .
To read this story in full login or purchase a subscription.
Previous columns:
- All Business: Bailout won't be an economic cure all, 10-06-2008
- All Business: Fair-market accounting rules good for investors, 10-01-2008
- All Business: Uncle Sam's bold steps come at big cost, 09-22-2008
- All Business: Lehman Brothers: Things didn't have to be this way, 09-15-2008
- All Business: Bailout won't fix consumer credit troubles, 09-10-2008
- Including foreclosures shows a grim housing market, 08-20-2008
- All Business: Keep an eye on how firms are spending, 08-13-2008
- All Business: Now's a good time to brush up on FDIC rules, 08-06-2008