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US government multi-billion dollar plan to help banks give markets boost

By Sarah Smith

Updated on 19 September 2008

After a week of unprecedented turmoil, world markets finally rally as the US government announces a rescue plan to buy banks' bad debts.

The plan, costing hundreds of billions of dollars, will be thrashed out with members of congress this weekend.

The Americans are also following the British by temporarily banning the financial practice of short selling, which has been blamed by some for the crisis in the markets.

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