Taxpayers are already on the hook for the failures of financial institutions, and it's possible that the bill will actually be larger without bailout legislation than with it. That's because the regulators who mind the financial industry will keep stepping in to prevent the chaotic failure of banks and other large financial institutions.
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Monday, September 29, 2008
Zennie Abraham's Trip to NYC For The CNN Roland Martin Show
This is a video of my just completed (as of this writing) trip to the CNN Roland Martin Show and the CNN iReporters, Kevin Negenberger, Maggie Dowline, and Katy Brown, I met.
BAILOUT BILL FAILS IN THE HOUSE. DOW FALLS 700.
The House appeared to reject a $700 billion Wall Street bailout bill, but the voting remained open, so there was still a chance the bailout could be approved.
read more | digg story
read more | digg story
Bailout plan rejected
The fate of a controversial $700 billion financial bailout plan was in doubt Monday as a House vote turned against it.
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read more | digg story
Bail Out? No thanks
House of Representatives rejects the $700bn bail out. Dow Jones crashes, queues start forming outside banks
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read more | digg story
Mars Lander Sees Falling Snow, Soil Data Suggest Liquid Past
NASA's Phoenix Mars Lander has detected snow falling from Martian clouds. Spacecraft soil tests experiments also have provided evidence of past interaction between minerals and liquid water, processes that occur on Earth.
read more | digg story
read more | digg story
Bailout Doesn't Pass
Stocks plunged after the House of Representatives failed to pass a bailout proposal aimed at shoring up America's financial services industry.
read more | digg story
read more | digg story
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