Principles

The recent turmoil in the stock market was temporarily relieved, for a few days, when the government announced a massive plan for intervention.  President Bush, at the behest of Treasury Secretary Henry Paulson, has sent Congress a request for $700 billion to buy up devalued mortgage-backed securities and provide liquidity to financial institutions.

What does this mean?  Buried in the technical terms which put off many readers are a few simple facts.

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