Tag: bailout

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  • Congress Fails the Bailout, Dow Plunges

    Looks like the Dow Jones wanted the bailout plan to pass. Today, Congress dumped the bailout plan by 23 votes (one man, Governor Weller of Illinois, didn’t vote at all). Democrats voted to pass the bill. Republicans did not, spurring a storm of political accusations (find the text of Nancy Pelosi’s speech here) and speculation. […]

  • Out from Under the TARP: The Government Bailout Bill

    In an unprecedented move towards transparency, the government posted its 110-page financial bailout bill on the Internet. It’s written in Bill-ese, so the House posted two shorter versions in addition to the full text of the bill. The House will vote on the bill early Monday morning; the Senate Wednesday. A few key points not […]