$700 Billion Dollar Bailout Plan Passed by House
So, in lieu of this week’s earlier decision against the Bailout measure, it has been revised and passed today. Hope this means good things for the economy..
After two weeks of contentious and often emotional debate, the federal government’s far-reaching and historic plan to bail out the nation’s financial system was signed into law by President Bush on Friday afternoon.
“By coming together on this legislation, we have acted boldly to prevent the crisis on Wall Street from becoming a crisis in communities across our country,” Bush said less than an hour after the House voted 263 to 171 to pass the bill.
http://money.cnn.com/2008/10/03/news/economy/house_friday_bailout/index.htm?postversion=2008100309
