The details of the five-poing rescue plan drawn up to stem the global financial crisis.
By Edmund Conway, Economics Editor
Last Updated: 11 Oct 2008
- 1. Take decisive action using all available tools to support struggling financial institutions and prevent their failure.
- 2. Take all necessary steps to unfreeze credit and money markets.
- 3. Ensure that banks can raise capital from public as well as private sources, in sufficient amounts to re-establish confidence and permit them to continue lending to households and businesses.
- 4. Ensure that savers’ deposit insurance and guarantee programs are robust so savers have confidence in the safety of their deposits.
- 5. Take action, where appropriate, to restart the mortgage securitisation markets.
Post by wei
SOURCES : Telegraph.co.uk © weihongoei.com 2008 All rights reserved
Tags: english, global crisis, investing, options
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