$700 BILLION BAILOUT PLAN PASSED. Oct. 3, 2008
Oct. 3, 2008.
The U.S. House of Representatives has passed the revised version of $700 billion bank bailout plan intended to bolster the ailing U.S. financial system.
The House rejected the original bill on Monday, sending stocks tumbling around the world.
But lawmakers approved the rescue package, backed by U.S. President George W. Bush and Treasury chiefs, Friday after the U.S. Senate passed it by a large majority on Wednesday.
Congress voted 263 to 171 in favor of the bailout bill, which will now go to President Bush to be signed.
Wall St, after climbing nearly 300 points before the bill was passed, slipped after the successful vote as the market tried to take in the news.
President Bush later said he would sign the bill into law Friday.
He thanked all those involved and said the bill was essential to stopping the crisis on Wall St becoming a crisis in the wider economy.
Bush said it sent a message to the rest of the world that the U.S. was ready to take action to ease the credit crunch.
He said it would take sometime for the bill to have an impact on the American economy.
Federal Reserve chairman Ben Bernanke said he applauded the vote.
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702 days ago
Antilock Brakes On Motorcycles
Recent research from the Insurance Institute for Highway Safety strongly demonstrates the benefits of antilock brakes for motorcycles. Based on findings that antilocks significantly reduce motorcycle
crashes, including fatal ones by more than a third, the Institute is seeking a federal requirement that manufacturers equip all new motorcycles with this technology./nFor more information, go to
http://thedigitalcenter.com/projects/1788-institute-calls-on-government-to-mandate-antilock-brakes-for-all-new-motorcycles
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121 days ago
Are You Prepared?
In a nationwide effort to encourage all Americans to take steps to prepare for possible emergencies, the Federal Emergency Management Agency’s (FEMA) Ready Campaign and The Advertising Council have
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advance of National Preparedness Month (NPM) in September./nTo view Multimedia News Release, go to http://multivu.prnewswire.com/mnr/adcouncil/45754/
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4 days ago
Informational Video on Overdraft Changes
BBVA Compass today announced that they have provided customers the option to opt-in or opt-out of standard overdraft practices related to ATM and everyday debit card transactions. The plans were made
effective April 28, well in advance of the Federal Reserve’s August 15 deadline for national implementation of its amendment to Regulation E. In addition, BBVA Compass announced that it is also
giving customers the ability to choose whether they would like to opt-in or opt-out of standard overdraft practices as they relate to checks and all other transactions made using their checking
account number, a change in policy which goes beyond the requirements of the Federal Reserve’s amendment to Regulation E./nTo view Multimedia N ews Release, go to
http://multivu.prnewswire.com/mnr/bbvacompass/42202/
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124 days ago
PATRICK DEMPSEY VISITS BRAZIL
During his recent visit to Brazil for the launch of his second fragrance Patrick Dempsey 2, exclusive for Avon, American actor Patrick Dempsey made room in his busy schedule to join Avon Brazil
President Luis Felipe Miranda to announce the donation of a digital Mammography Unit to the Gynecology Department of the Federal University of São Paulo (UNIFESP). Also joining Dempsey and Miranda
were Dr. Afonso Nazario, Chief of Gynecology Department at the Federal University of São Paulo; Dr. Walter Manna Albertoni, Dean of the Federal University of São Paulo and Lírio Cipriani, Executive
Director, Instituto Avon./nTo view Multmedia News Release, go to http://multivu.prnewswire.com/mnr/avon/42974/
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118 days ago
Public Enemies Movie Trailer
Set during the Depression-eras great crime wave, the story of the governments attempt to stop legendary criminals John Dillinger, Baby Face Nelson and Pretty Boy Floyd. This operation transformed the
FBI into the first federal police force from the powerless agency it once was. ***Starring Johnny Depp!
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422 days ago
Ron Paul Update on HR 1207
All this makes so much sense. How come that Congress keeps putting these problems aside.
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519 days ago