When former Malaysia premier bailing out its ailing companies during the 1997 Asean crisis many scoffed at him. He must have been vindicated. Leading US shares have surged, boosted by a report that the US government might announce a new plan that would help tackle the financial crisis. A do Mahathir sort of rescue plans.
Treasury Secretary Henry Paulson was looking to create a repository for bad bank debt, CNBC reported. The leading Dow Jones Industrial Average added more than 400 points, or 3.86%, to 11,019.69, a rise of 560 points from its low of the day.
Via Wall Street Journal