The Housing Chronicles Blog: Dow rises as Europe pledges billions to shore up banks

Monday, October 13, 2008

Dow rises as Europe pledges billions to shore up banks

After last week's financial chaos, central bankers on both sides of the Atlantic have finally started planning in tandem to shore up the global banking system. From a New York Times story:

After a weekend of crisis talks on both sides of the Atlantic, European nations and the United States unveiled on Monday a staggering and coordinated series of multibillion-dollar rescue packages to shore up teetering banks and guarantee credit to free up lending between them...

Click here for full story.

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