Senate passes $700 billion rescue package for financial companies (and adds a ton of pork to it)

[w¡n9Nµ7 §£@¥€r 123]

WASHINGTON - After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republicans opposition softened.

Senators loaded the economic rescue bill with tax breaks and other sweeteners before passing it by a wide margin, 74-25, a month before the presidential and congressional elections.

http://news.yahoo.com/s/ap/20081002/ap_on_...ancial_meltdown

[~PalmTreeGurl~ 154]

so what exactly does this all mean now?

[Amby 490]

it means you should totally go on vacation!

[w¡n9Nµ7 §£@¥€r 123]

so what exactly does this all mean now?

The answer to your question, in 451 easy to read pages

http://i.cdn.turner.com/money/2008/images/...Senate10108.pdf

[sly_wolf 199]

so what exactly does this all mean now?

The markets should stabilize now instead of crash. As for the rest, we can only hope that things work out in the long run.

Sly

[PlatyPius 5]

I'd bet we don't even get a reach-around.....

[w¡n9Nµ7 §£@¥€r 123]

I hope the House of Rep's passes it too. Credit markets can't be allowed to fail.

[sly_wolf 199]

so what exactly does this all mean now?

The answer to your question, in 451 easy to read pages

http://i.cdn.turner.com/money/2008/images/...Senate10108.pdf

Oh ya, some light reading. If I was a lawyer this could make me orgasmic.

Sly

[~PalmTreeGurl~ 154]

ok I can sleep good tonight knowing Im going on vacation tomorrow anyways regarless of what happens, if it all crashes, at least I know all my friends, neighbors and family will be just like me... we are all poor!

[luckytxn 2,265]

Figures the Morons in the Senate would pull this #######.

Hopefully saner heads will prevail in Congress again.

[Pooky 3,929]

All I want to know is how the hell did "wool research" make it into the bailout bill. I mean, #######???????

[luckytxn 2,265]

so what exactly does this all mean now?

have fun. Stay away from the floating things that looks like jelly though.

Edited October 2, 2008 by luckytxn

[w¡n9Nµ7 §£@¥€r 123]

All I want to know is how the hell did "wool research" make it into the bailout bill. I mean, #######???????

Pork!

[IAMX 3,055]

Didn't it pass last time in the Senate too? Doesn't matter if the House kills it, which I hope it does -- sadly, I doubt it will a second time.

[~PalmTreeGurl~ 154]

ok I can sleep good tonight knowing Im going on vacation tomorrow anyways regarless of what happens, if it all crashes, at least I know all my friends, neighbors and family will be just like me... we are all poor!

btw, does this mean I too can stop paying my bills and let the government bail me out?