[Washington Babylon ]Wall Street Math | Harper's Magazine

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[Washington Babylon]

Wall Street Math



Treasury Details Plan to Buy Risky Assets

The Obama administration formally presented the latest step in its financial rescue package on Monday, an attempt to draw private investors into partnership with a new federal entity that could eventually buy up to $1 trillion in troubled assets that are weighing down banks and clogging up the credit markets.

…plus one…

Senate Will Weigh Risks of Bonus Taxation:

The fight over bailout bonuses shifts to the Senate this week as lawmakers gauge whether the cost of quelling public outrage with new taxes on the big paychecks could damage efforts to stabilize the financial industry by discouraging bank executives from participating in federal programs.

…equals two.

Stocks in New York soared in early trading…

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