Business | Markets
Bush says US has tools to solve market crisis
US President George W. Bush said on Friday the government would move aggressively to address the financial markets crisis, but he acknowledged that anxiety was feeding on itself which was sending stocks plummeting.
- Agencies
- Published: 18:59 October 10, 2008
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Washington: US President George W. Bush said on Friday the government would move aggressively to address the financial markets crisis, but he acknowledged that anxiety was feeding on itself which was sending stocks plummeting.
"The United States government is acting; we will continue to act to resolve this crisis and restore stability to our markets," Bush said in the White House Rose Garden. "We can solve this crisis and we will."
He also said the Treasury Department would work quickly to implement the $700 billion financial sector rescue plan approved a week ago and that the Securities and Exchange Commission was stepping up its efforts to fight manipulation in the stock market.
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