A bankruptcy judge is expected to sign off on Barclay's bid to buy some of Lehman Brothers assets. Not much will be left of the storied firm after that, but the government will take on the remains. Amy Scott reports.
The plan would take on the liquidity crisis by clearing the so-called toxic loans from the balance sheets of troubled financial institutions. Markets worldwide were boosted on the news. Jeremy Hobson has more.
UK investors were buoyed not only by news of the U.S. Treasury's plan to set up a new institution for toxic debt, but also by their country's ban on short selling. Megan Williams looks into the turnaround.
The bailouts so far haven't generated much of a bump on Wall Street, but the proposal for the government to buy and hold $800 billion in "toxic debt" is well-received. Scott Jagow asks an expert what's up.