woensdag 15 oktober 2008

Rescue plan : What's in it?

Rescue plan : What's in it?

The federal government of the United States of America announced a plan to restore confidence in the U.S. financial system.
The measurements exist of 4 key points.
The government is planning to buy equity in banks while their backing debts of new banks. The FDIC will temporarily provide coverage for bank deposits. Aside from this the Federal Reserve is going to buy short-term commercial paper to spur banks to begin lending against a normal rate.

Source : Money CNN


Michael Bynens

1 opmerking:

EcoEnglish zei

Rescue plan : What's in it?

The federal government of the United States of America announced a plan to restore confidence in the U.S. financial system. [good topic sentence]
The measurements [measures; measurements = 'maten' (Dutch)] exist of [consist of] 4 key points.
The government is planning to buy equity in banks while their [they're] backing debts of new banks. The FDIC will temporarily provide coverage for bank deposits. Aside from this [in addition] the Federal Reserve is going to buy short-term commercial paper to spur banks to begin lending against a normal rate.

Good flow, but too many language mistakes. Be more accurate next time.

olaf