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The President's Speech: Expect a Deal Later Today
Conglomerate — ... and more expensive to get credit. More businesses would close their doors, and millions of Americans could lose their jobs. Even if you have good credit history, it would be more difficult for you to get the loans you need to buy a car or send your children to college. And, ultimately, our country could experience a long and painful recession. So what is going on here? Was this an attempt to put pressure on Congress to pass the revised Paulson Plan? The NYT says no: The speech came after the White House, under pressure from ...

THE FINTAG NEWSLETTER @ 25 September 2008
FiNTAG - Hedge Fund News, Views, Opinions and Gossip — ... Fintag says A man who knows and in fact started this whole securitization business off. PRESIDENT ISSUES WARNING TO AMERICANS new york times ...

Black September
The Big Picture — ... Ted spread at 3.02% Standards & Poors, Fitch cut WaMu to poor quality From the WSJ:  Bush Addresses Bailout Plan President George W. Bush on Wednesday warned Americans and legislators reluctant to pass a historic financial rescue plan that failing to act fast risks wiping out retirement savings, rising foreclosures, lost jobs, closed business and “a long and painful recession.” From the NY Times:  President Issues Warning to Americans From the WaPo: Bush:  ‘Our Entire ...

September 24, 2008 (Wednesday): Bush Appeals to Public on Bailout; Letterman Takes on McCain
SmartMoney.com — ... that “a long and painful recession” could occur if Congress does not move to enact legislation quickly. “Our entire economy is in danger,” he says. In a concession to critics, Bush says he will accept tougher controls over how money is spent. Both presidential candidates are planning to meet with Bush tomorrow, along with leaders of Congress. Bush says he hopes the meeting will help facilitate a bipartisan bill. (For more on this news, click here, here and here.) Campaign Meets the Crisis Sen. John McCain ...