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Oiran · 10-02-2008, 05:11 AM

Wow. I wish I could say, 'I'm shocked.'

"The House is expected to take up the Senate measure for a vote on Friday, according to aides to Democratic leaders. The legislation, if passed by the House, would usher in one of the most far-reaching interventions in the economy since the Great Depression.

Advocates say the plan is crucial to government efforts to attack a credit crisis that threatens the economy and would free up banks to lend more. Opponents say it rewards bad decisions by Wall Street, puts taxpayers at risk and fails to address the real economic problems facing Americans.

"If we do not act responsibly today, we risk a crisis in which senior citizens across America will lose their retirement savings, small businesses won't make payroll ... and families won't be able to obtain mortgages for their homes or cars," said Senate Majority Leader Harry Reid, D-Nev., moments before the vote... Now the fate of the bailout rests with the House."

Taken from, "Senate passes bailout"
http://money.cnn.com/2008/10/01/news...ex.htm?cnn=yes

Also:

"In a historic vote, the Senate approved a massive $700 billion rescue plan for the nation's finance system Wednesday night, but only after tacking on another $110 billion in tax breaks to lure votes from both parties."

Taken from, "Senate passes massive $810 billion bailout"
http://www.miamiherald.com/news/poli...ry/709715.html

10-02-2008, 05:11 AM	#2
Oiran Avalon Senior Member Join Date: Sep 2008 Location: California Posts: 57	Re: Senate passes bailout Wow. I wish I could say, 'I'm shocked.' "The House is expected to take up the Senate measure for a vote on Friday, according to aides to Democratic leaders. The legislation, if passed by the House, would usher in one of the most far-reaching interventions in the economy since the Great Depression. Advocates say the plan is crucial to government efforts to attack a credit crisis that threatens the economy and would free up banks to lend more. Opponents say it rewards bad decisions by Wall Street, puts taxpayers at risk and fails to address the real economic problems facing Americans. "If we do not act responsibly today, we risk a crisis in which senior citizens across America will lose their retirement savings, small businesses won't make payroll ... and families won't be able to obtain mortgages for their homes or cars," said Senate Majority Leader Harry Reid, D-Nev., moments before the vote... Now the fate of the bailout rests with the House." Taken from, "Senate passes bailout" http://money.cnn.com/2008/10/01/news...ex.htm?cnn=yes Also: "In a historic vote, the Senate approved a massive $700 billion rescue plan for the nation's finance system Wednesday night, but only after tacking on another $110 billion in tax breaks to lure votes from both parties." Taken from, "Senate passes massive $810 billion bailout" http://www.miamiherald.com/news/poli...ry/709715.html Last edited by Oiran; 10-02-2008 at 05:27 AM.