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:

Satya said...

Really good article. I have been following your blog for last 3 months. You have good knowledge
on Mobile(cell phone) Industry and happenings. Please continue the good work. Thank you.