Friday, October 3, 2008

BAILOUT - RESCUE PLAN APPROVED!

The House of Representatives passed (and President Bush promptly signed) a $700 billion plan that'll bail out the financial system, ushering in what many saw as the economy's only hope of living to see another day.
The passage came just four days after the House voted down the original bill, causing the market to drop nearly 800 points before partially rebounding the next day. It's been quite a week in the Equity and Credit Markets this week.

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