money.cnn.com - 10/3/2008
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NEW YORK (CNNMoney.com) -- 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 ...
whitehouse.gov - 9/30/2008
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whitehouse.gov —
President Bush on Tuesday said, "My administration will
continue to work closely with leaders of both parties...
on Capitol Hill. I appreciate their determined efforts. While Congress is out today for the Jewish holiday, my administration will be talking ...
(more)
President Bush Discusses Economic Rescue Plan - ...
washingtonpost.com - 10/4/2008
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BAILOUT BILL PASSES
BankImplode.com News —
No updated media stories yet; but just confirmed this live on TV. Our worst fears confirmed -- what could have been just an ugly downturn will now probably be a lengthy depression and in many ways, the final nail in the coffin for a sovereign United States. Update: Here's a news article . Update 2: The market barely paused on the way down after the bill passage; as I write this the Dow has reversed course over 200 points to the downside. Update 3: Minyanville has ...
Wall Street Starts The Bailout Celebration
MadeMan.com —
... Republicans that they wouldn't be able to provide enough votes to pass, the thing went through with a pretty wide margin: 263-171.
Wall Street is pretty friggin' excited! They just started playing 'The Sun Will Come Out Tomorrow' over the loud speakers at the New York Stock Exchange. Although DealBreaker has a list of other songs they should have played, I think playing this video on a continuous loop on every monitor would have been much more fitting.
CNN: House Passes Bailout, October 3, 2008
It's Official
Dealbreaker —
Bushie has signed the bill. And how could he have not? It's got tax breaks for his two favorite things: toys and booze. In honor of this historic event-- the passing of the package-- Dealbreaker readers will be receiving visits from the T&B; Fairy next week. I haven't checked out how much I can spend yet, so the actual goodie bag will be a surprise. Could be a Wii and a bottle of Ladyburn. Could be one of those crappy basketball hoops and a 40.* It's all relative! Nominate your friends today!
*Or, because I know some of you have delicate palates, ...
Related Content
Video: Obama signs economic stimulus into law
politicalnewslive.blogspot.com 2/18/2009 — President Barack Obama signed the massive $787 billion economic stimulus bill into law Tuesday. It's the most sweeping economic package in decades.
The Signs Are Everywhere
ibankcoin.com 10/16/2008 — We are bottoming somewhere around these levels. I can feel it in my fucking bones.
The VIX is at egregious levels. People are so depressed, they are lining up to kill themselves via howitzer. Long term bears, like Mr. Big Picture (who called the ...
Historic Volatility
tradermike.net 11/3/2008 — Here a graph which shows some not so surprising news, the current market is the most volatile the U.S. market has been over the last 80 years (based on the S&P 500). The volatility last month makes the 1987 crash look like nothing.
There ...
Credit Shows Signs of Easing on Bank Rescue
online.wsj.com 10/15/2008 — For the first time since the crisis intensified at the end of the summer, credit markets thawed slightly after the threats to the financial system were tamped down by the U.S. government's move to take stakes in major banks. But lending remained ...
Bush Makes Pitch for Plan to the Nation
online.wsj.com 9/25/2008 — [Bush] Associated Press In this video image from APTN, President Bush speaks in a prime-time address from the Cross Hall of the White House in Washington, Wednesday.
Are these historic times?
capital-chronicle.com 10/9/2008 — At last, when 1929 is evoked, the objective can agree. This excludes Dick Fuld, formerly CEO of Lehman Brothers who in his testimony to a US Congressional hearing self-servingly claimed (possibly to mitigate the litigation threat): “No one realised ...
White House Overhauling Rescue Plan
nytimes.com 10/12/2008 — A new approach that would inject capital into banks raises questions on whether officials squandered time with an earlier $700 billion plan to buy securities. >
Buffett signs up to $15bn GE plan
ft.com 10/2/2008 — General Electric has raise $15.2bn in capital through stock sales to Warren Buffett's Berkshire Hathaway and the public
Law
bloomberg.com 10/9/2008 — Bloomberg Bloomberg Anywhere Updated: New York , Oct 09 19:15 London , Oct 10 00:15 Tokyo , Oct 10 08:15 Search Symbol Lookup Home News Market Data Investment Tools TV and Radio Feedback News Exclusive Worldwide Regions Markets Industries Economy ...
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