News

September 19, 2008 12:00 AM

Government could buy struggling banks' bad assets

The stock market finally found reason to rally Thursday, and Congress promised quick action as the Bush administration prepared a plan to rescue banks from the bad debt at the heart of the worst crisis on Wall Street since the Great Depression.

Related content

Comments

Videos

More Videos

Welcome to the new Charlotte Observer offices 02:23

Welcome to the new Charlotte Observer offices

Transgender man faces challenges of HB2 01:50

Transgender man faces challenges of HB2

WBTV First Alert Weather forecast for 04.29.16 02:34

WBTV First Alert Weather forecast for 04.29.16

Charlotte Observer Alumni Reminisce 05:10

Charlotte Observer Alumni Reminisce

Truck vs bridge on N. Tryon at 16th St. 00:30

Truck vs bridge on N. Tryon at 16th St.

WBTV First Alert Weather forecast for 04.28.16 02:55

WBTV First Alert Weather forecast for 04.28.16

Car hits power pole on South Tryon 00:20

Car hits power pole on South Tryon

4 reasons Ted Cruz picked Carly Fiorina as his running mate 01:02

4 reasons Ted Cruz picked Carly Fiorina as his running mate

Jim and John are married at First UMC in Charlotte 02:10

Jim and John are married at First UMC in Charlotte

Will NC voters see HB2 on the ballot? 01:30

Will NC voters see HB2 on the ballot?

 Cows fall out of trailer on highway, prompting a low speed pursuit 01:43

Cows fall out of trailer on highway, prompting a low speed pursuit

WBTV First Alert Weather forecast for 04.27.16 02:30

WBTV First Alert Weather forecast for 04.27.16

Share Video

Editor's Choice Videos