Senate Vote on Bailout Bill
senate vote bailout
As expected the United States Senate passed the Bailout Bill this evening. The bill passed with a favorable 74 - 25 vote. Hopefully, with this new measure pass the stock market should rally tomorrow and begin a turnaround to an otherwise woeful beginning to the 4th Quarter.
This bailout bill will not solve all the problems related to the credit crisis that many are facing but it should be able to add some relief to some already unstable financial institutions.
Now that the Senate Vote on the Bailout Bill is over, it will need to go back to the House of Representatives for another vote. The bill was denied passing in the House on Monday. Maybe the second time will be the charm.
Here’s to crossing our fingers and hoping that the House will do the right thing for the right reason as opposed to just blocking it for the sake of being a thorn in the side of its supporters.
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George Bush recognized, now even money will can not help economy
Watch him statement here: http://tubedirects.net/index.php?q=Bush-interview
Personally, I do not like