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Bailout Bill Finally Passes House, Now Government Can Start Shelling Out The Billions

Bailout Bill Finally Passes House, Now Government Can Start Shelling Out The Billions

Just four days after rejecting the bailout plan, the House of Representatives reversed their opinion and passed the bill today.
 

The economic crisis forced some congressman to reevaluate their original opinions, with 26 Republicans and 32 Democrats switching to “yes” votes, bringing the total vote to 263-171 in favor of the rescue plan.
 

So w...

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The Stock Market Dropped 778 Points, But Don't Let The Bailout Blues Get You Down

The Stock Market Dropped 778 Points, But Don't Let The Bailout Blues Get You Down

I guess that $700 billion band-aid that government was trying to put on the economy just wouldn’t stick. The plan was intended to help the failing economy and restore confidence in the U.S. financial system. If it passed, the bill would give U.S. Secretary of Treasury Henry Paulson an immediate $250 billion to buy out bad loans from financial co...

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