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Late Night: Tough Vote Ahead in House for Bail Out Bill

Posted on September 29th, 2008 by Pamela Leavey

The NY Times reports that the House is bracing for a “difficult vote set for Monday on a $700 billion rescue of the financial industry after a weekend of tense negotiations produced a plan that Congressional leaders portrayed as greatly strengthened by new taxpayer safeguards.”
The 110-page bill, intended to ease a growing credit crisis, came [...]

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Filed under: Congress, Corporatism, Credit Crisis, Democrats, Economic News, Economy, House of Reps, In The News, N.Y. Times, Pamela Leavey, Political News, Politics, Republicans, Wall Street

Dodd’s Alternative to the Bail Out Plan

Posted on September 22nd, 2008 by Pamela Leavey

I’ve just finished reading the key points to Senator Chris Dodd’s alternative to the bail out plan and I have to say I agree with the folks like Paul Krugman who are saying this is more like it — it’s a “step in the right direction.” The thing is, as Krugman points out:
Paulson displayed a [...]

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Filed under: Bush Admin, Congress, Corporatism, Credit Crisis, Deficit, Democrats, Economic News, Economy, Foreclosures, George W. Bush, House of Reps, Housing, In The News, Opinions, Pamela Leavey, Paul Krugman, Political News, Politics, Republicans, Sen. Chris Dodd, Senate, Wall Street