Democratic presidential candidate Sen. Barack Obama D-Ill., walks in to speak at a rally in front of Morrill Hall at the University of Nevada at Reno, Nev., Tuesday, Sept. 30, 2008. Obama called for Americans to get behind attempts to salvage a $700 billion rescue plan for the financial sector and told the crowd that if Wall Street fails, ordinary people will be hurt, too.(AP Photo/Alex Brandon)
BACK IN BUSINESS…DOW UP ALMOST 500 POINTS!
Well I woke up this morning and no the sky didn\’t fall nor is there any panic on Main Street but, It looks more and more likely that the bailout bill perhaps tweaked some will get through the House by Friday…
Lawmakers should make darn well take heed that people want oversight from ever allowing so much worthless packaged mortgage loans ever get to this level of severity that it can cause the collapse of so many financial institutions.
No CEO compensations, a serious FBI probe, and all of this taxpayer money should be returned to the treasury.
The US Capitol in Washington, DC. Citigroup took over Wachovia bank in the latest forced marriage of the global financial crisis as Congress began debating a 700 billion-dollar bailout plan and European banks were shaken by the debt turmoil.(AFP/Karen Bleier)