US unveils $250bn rescue plan

The US has announced that it is going to inject $250bn of public money to fight the financial crisis. This is the first step in their $700bn plan to rescue the US banking system. The institutions have been given a deadline of mid-November to decide whether they are willing to participated in the US recapitalisation plan. Due to this measurement the stock markets are already gaining again, but we still have a long way to go...

Link: http://www.ft.com/cms/s/0/395a0fa6-99f2-11dd-960e-000077b07658.html