News -03-22-09 Treasury Plans to Buy $1 Trillion in Bad Bank Assets (CNN News) "Stocks surged Monday, recharging the rally, after Treasury's plan to buy up billions in bad bank assets and a better-than-expected existing home sales report raised hopes that the economy is stabilizing." "The government plans to run auctions between the banks looking to unload the bad assets - such as subprime mortgages - and the investors looking to buy them. The Federal Reserve and the Federal Deposit Insurance Corp. will be involved." "Economists have said that stabilizing the banking system is key to stabilizing the economy." 03-09

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