Gigantic plan by the US government to ease the global financial crisis - je 19.09.2008 08

Global financial markets are rebounding on talk of an emergency plan in the US to end the credit crisis. Half a trillion dollars is being set aside to buy dubious debt and clean up the books of beleagured banks. The top financial brass in Washington say they are working on a what is being called the "mother of all government bailouts." A new government agency equipped with 500 billion dollars that will buy up and resell the bad assets plaguing financial institutions in the United States. Talks around the massive undertaking are expected to last into the weekend. The news gave investors on Wall Street reason to get back into the market after a week of severe losses.