Bush signs $700 billion financial bailout bill

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richie
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03 Oct 2008, 4:13 pm

Bush signs $700 billion financial bailout bill

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President promises quick but ‘deliberative’ action to rescue Wall Street
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President Bush signed into law Friday a historic $700 billion bailout of the financial services industry, promising to move swiftly to use his sweeping new authority to unlock frozen credit markets to get the economy moving again.

“It’s complicated, and we’re going to make sure whatever we do is done in a deliberative fashion,” Bush told reporters after he signed the bill as soon as he got it from the House, which passed the measure after a topsy-turvy week of legislative victories, defeats and power plays.....


Make of this what you will....One way or another we are going to feel the effects for a very long time...


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Hashberry
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03 Oct 2008, 5:06 pm

Well at least Mr Bush looks happy. :wink:



Fnord
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03 Oct 2008, 5:15 pm

^ Somehow ... that isn't very comforting ...


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Khan_Sama
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03 Oct 2008, 5:24 pm

There goes another chunk of your freedom.



Hashberry
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03 Oct 2008, 5:51 pm

The day before this was signed the dow jones end fall percentage was 3.22 %...the number of Bush's secret 322 skull and bones society. The day after the last vote lost the dow fell 777 points...777 = curses.



KaliMa
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03 Oct 2008, 7:03 pm

i just heard on cnn that california announced they need a bailout too, as long as we're handing out money.



Coadunate
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04 Oct 2008, 4:19 pm

You go out to your car that is parked in front of your house. While you’re fumbling for the keys, three thugs attack and mug you and break one of your legs. You stumble home and sit on the couch. Your spouse seeing your condition immediately grabs the telephone and calls, not the police, not an ambulance, but a maid service. Thankfully the maid service immediately dispatches a maid to take care of your every need so you don’t have to stand up or walk to get anything. All the while your leg heals and the bones set in this crooked and off center funny shape for the next six months.

In this example the $700 billion is the maid service we are getting and Bush is your spouse.