Friday, October 3, 2008

House passes bailout bill, Bush signs it into law

Well, it happened. The House has passed the bailout bill and Bush signed the plan into law. That makes it one of the most far-reaching interventions in the economy since the Great Depression. And that is pretty freaking scary to think that things are THAT bad! Yikes!

The lawmakers that were for the bailout plan said that it would help Main Street and not Wall Street. Really? Is that true? I just don't know. 

One of the market reactions was that the U.S. dollar dropped against the euro. That can't be good. 

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