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Keyword: recessionavoidance

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  • Wall St bailout - the deal is done

    09/25/2008 12:16:37 PM PDT · by Ernest_at_the_Beach · 23 replies · 126+ views
    The Times (UK) ^ | September 25, 2008 | Suzy Jagger in New York
    awmakers in Washington have reached a "fundamental agreement" over the basic terms of the biggest bail-out of Wall Street since the Great Depression. Speaking on Capitol Hill this afternoon, senior representatives from both the Republican and Democratic parties said that while precise details had still to be agreed, they had managed to secure an overall deal. Emerging from a meeting which had lasted all morning, Senator Chris Dodd, the chairman of the Senate Banking Committee, said that a deal had been reached which will see at least $700 billion worth of taxpayer funds given to the US Treasury to start...