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Rescue bill revealed

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posted on Sep, 28 2008 @ 03:04 PM
NEW YORK ( -- Congress on Sunday made public a proposed bill that would enact a far-reaching government rescue of the financial system.

The core of the bill is based on Treasury Secretary Henry Paulson's request for authority to purchase as much as $700 billion in troubled mortgage assets from financial institutions so banks can resume lending and so the credit markets, now virtually frozen, can begin to operate more normally.

But Democrats and Republicans - concerned about the potential taxpayer cost - have added several conditions and restrictions. Key negotiators for the financial rescue plan will be busy trying to line up votes on Capitol Hill on Sunday to support the accord they reached soon after midnight.

Here's a link to the bill.

Later,...... Ausable_Bill

posted on Sep, 28 2008 @ 04:48 PM
Being discussed here:

posted on Sep, 28 2008 @ 05:47 PM

Any bailout bill that might get passed will not change a thing in the long run

As you should know, there have already been bigger and bigger bailouts all year, and things continue to get worse & worse

NOW, I Just Figured This !

When, not if, But WHEN this fails it will be blamed on Congress

I now figure that is the Very Reason the Treasury & "Federal Reserve Bank" first gave Congress such a Ridiculous plan, they KNEW it was too Ridiculous for Congress to pass as it was, they KNEW Congress would change it

WHEN this fails, The script line will be... "It failed because Congress changed it."


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