Daley Says U.S. Stimulus Package Is 'Not Going to Work': Video

Kirby Daley, strategist at Newedge Group, talks with Bloomberg's Bernard Lo in Hong Kong about the outlook for the U.S. subprime mortgage and credit market crisis, President George W. Bush's proposed $150 billion economic stimulus package, and Japan's potential as an alternative for investors. About $100 billion of the U.S. stimulus package would pay for tax rebates to about 117 million families and $50 billion would go for business tax breaks. (Source: Bloomberg)

Bloomberg | January 29, 2008

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