$700B bailout passes

[jimmygu3]

$700B bailout passes

President Bush poised to quickly sign historic $700 billion plan into law.

By Jeanne Sahadi, CNNMoney.com senior writer
Last Updated: October 3, 2008: 2:48 PM ET


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 on the verge of enactment Friday.
President Bush, speaking less than an hour after the House voted 263 to 171 to pass the bill, is expected to sign it later Friday. more...

So what's next? Are battered financials going to pop now that they have the ultimate payday loan? Buffett seems to think so. I'm considering speculating in the too-big-to-fail stocks.


Jimmy

[Mega]

Re: $700B bailout passes

its gone up to $850 Billion!
Mike

[Supercilious]

Re: $700B bailout passes

its gone up to $850 Billion!
Mike

Komrades we won! We will remember forever how Financial Communism triumphed in the Great October Socialist Revolution ( I mean October 2008)

Komrades let's not forget that if the Wall Street Bolshevik Party (WSBP or Wall Street, Bernanke and Paulson) keeps in line with the true communist tradition, the Great October Socialist Revolution ... well .. actually,.... will start in .... November...

[flintlock]

Re: $700B bailout passes

Congratulations comrade.

[rj1]

Re: $700B bailout passes

[grapejelly]

Re: $700B bailout passes

A new bumper sticker?
Privatize Profits and Socialize Losses!