AP is reporting:
Stocks surge on report of entity for bad debt
Thursday September 18, 3:17 pm ET
By Tim Paradis, AP Business Writer
CNBC said Treasury Secretary Henry Paulson is considering creation of an entity like the Resolution Trust Corp. that was formed after the failure of savings and loan banks in the 1980s.
The Dow, which had been showing modest moves in the final hour of trading, jumped nearly 330 points to the 10,939 level following the report.
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