Tuesday, September 23, 2008

Congress Considers Bailout Plan

Bailout Tab 700,000,000,000Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson appeared before Congress today to advocate swift passage of the $700 billion bailout plan. 11 federally insured banks and thrifts have failed so far this year with another, Washington Mutual Inc., hanging by a thread.

Update 09/25/08: Bailout agreement reached.

1 comment:

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