Tuesday, September 30, 2008
Market Update
The financial markets will have to wait until later this week for further news on the
It is anticipated that the US Senate will try to salvage the plan perhaps as early as tomorrow. Some changes are expected to the legislation to pacify Republicans who are pushing for a mandatory insurance programme. They may also push for the Securities and Exchange Commission to suspend mark-to-market accounting and require banking regulators to assess the real value of troubled assets. (continue reading…)