The BBC News web site has reported:
The lower house of the US Congress is debating ahead of a vote on a $700bn (£380bn) plan to bail out Wall Street.
President Bush has urged the House of Representatives to pass the bill - designed to end the credit crunch - and send a strong signal to the markets.
That's horribly optimistic.
This is still finger in the dike stuff. This is not the end.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
I see that the US representatives have rejected the bailout plans. They object to being rushed into a decision and also their constituents don’t like the idea of giving those who made mistakes a soft landing. How I wish we had some politicians with a backbone!
I guess it does take a form of back bone to jump out of a tower block
Which is pretty much what they did