Oct
01
2008
Senate Vote on Bailout Bill
By GreenAdmin
and has 1 comment.
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.