$700 Billion to be exact. That is the amount of money that the US plans to spend on saving its ailing house market. We are now in brand new territory. This has never been done before and we can only hope that it works. Robert Peston has some interesting things to say on this. He is being credited with the greatest financial scoop of the century for breaking the news on this. Many say that his action may well have prevented a run on HBOS deposits. Good for Robert but I cannot help but think that the powers that be leaked this information so as the Government and particularly the Prime Minister could be seen to be involved. Well whatever the reason it had a pretty good effect!
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