Senate Gives Bailout Bill Green Light

October 2008
Investment Dealers' Digest;10/6/2008, Vol. 74 Issue 38, p16
Trade Publication
The article reports on the approval of the U.S. Senate on the bailout bill, which is designed to stabilize the financial markets in the country. The point of the bill is to let the Treasury Department purchase and hold up to $700 billion in troubled assets from banks and other financial institutions. The bill has been added several provisions in an attempt to win more Republican support, including tax credit extensions and an increase in deposit insurance of $250,000 per depositor.


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