Bush: We're Intervening To Preserve The Free Market
"The government's role will be limited and temporary," said President Bush Tuesday, unveiling details of a plan for the federal government to use $250 billion of taxpayer funds to partially nationalize nine major banks. "These measures are not intended to take over the free market, but, to preserve it." This latest effort to stabilize the banks and the stock markets, including limits on executive compensation and new FDIC guarantees, dramatically highlights the choices facing voters on different approaches to the economy. To learn more, see our Voter's Survival Kit.
Tags: Asia, bailout, Dow Jones, Economy, Europe, finance minister, G7, global, Group of Seven, industrialized, President Bush, rescue, sell-off, Stock Market, Stocks, Wall St. 
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