Now Wall Street may shun $700bn bail-out

Now Wall Street may shun $700bn bail-out (1)

Archived Articles | 06 Oct 2008 | EWR

James Doran, New York
The Observer, Sunday October 5 2008

Fears are mounting that many Wall Street banks and financial firms will refuse to participate in the US government's $700bn bail-out package, leaving global markets and world economies in a perilous state for months to come.

'There is a growing feeling that banks ... might instead decide to tough it out,' said Thomas Caldwell, chairman and CEO of Caldwell Financial, a $1bn-plus fund manager.
Full story at: http://www.guardian.co.uk/busi...

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