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October 8, 2008

All Business: Smart people on Wall Street will find ways to profit from bailout

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.

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