July 16, 2024

home foreclosuresThe Dow's rise of 334 points over the previous five sessions was wiped out by today's drop of 382 points. Wall Street's message to Treasury Secretary Timothy Geithner was very clear . . . If you have a plan to announce, give us the details and not just vague generalities!

The plan outlined by Treasury Secretary Timothy Geithner proved, to many observers, too vague on important details.

Geithner said that $50 billion in federal rescue funds will be used to try to stem and soften the crushing impact of the deep housing crisis now afflicting the entire economy. He also said that details would be out in two weeks.                  San Diego real estate agents     

 

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