Having touched a new low at the start of March, the heavy equipment sector spent the next four weeks rallying, as new government measures to bolster economic growth were announced. Early March saw the announcement of Treasury Secretary Tim Geithner's new plan to rid banks of their toxic assets. In an innovative solution, $500 billion of public money will be combined with private investor funds to buy-up the problematic paper that started the credit crunch, and remove it from banks' balance sheets. This should allow them to get back to business as usual.
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