Economics

Markets Get Nasty TARP Flashback With Deeper Rout on Virus Delay

Trump, Democrats push in different directions on relief plans
TARP debacle in 2008 showed how fiscal bailouts can get messy

Investors will remain “very worried” until the U.S. comes up with a bipartisan agreement on fiscal policy, according to Deutsche Bank Wealth Management.Source: Bloomberg)

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By Ben Holland

March 12, 2020 at 9:00 AM UTC

Updated on

March 12, 2020 at 2:10 PM UTC

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The coronavirus panic deepened across financial markets Thursday as politicians in charge of the U.S. budget -- under a harsh spotlight from the world’s investors -- struggled to respond with the speed and unity that investors are clamoring for.