Wednesday, October 1, 2008
Financial Crisis
As many know the economic rescue bill of a $700 billion failed to pass Monday morning sending Wall Street crashing. Since then, many people have been working to reconstruct the bill and it’s said to have found new life Wednesday pressing toward speedy passage through the senate come Friday. This new bill added $100 billion in tax breaks for business and middle class but, the heart of the opposition remains the same. It would enable the government to spend billions of dollars to buy bad mortgages held by troubled financial institutions.
Subscribe to:
Post Comments (Atom)
1 comment:
All of us have the responsibility to solve this crisis because it affects the financial well-being of every American," I am afraid as this problem will spill out to other countries as they depend on US dollars especially oil purchase
Post a Comment