Congratulations. If you're an American taxpayer, you've just become the owner of a brand-new $700 billion attempted bailout of the U.S. financial system.
After a 263-171 vote by the U.S. House of Representatives Friday, President Bush signed the legislation, aimed at rescuing the freezing credit markets in an effort to shore up the failing economy.
Actually, it's a bit bigger than $700 billion. The version of the bill that passed Friday ...
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Informative overview of the historic bailout bill approved by Congress this Friday, presented in a familiar FAQ style (frequently asked questions). This short report points to solid factual evidence from multiple sources and gives helpful context that connects this bill to other related events.
I'm not an economist, so it's difficult for me to judge the facts presented, but it seems a balanced summary, presenting both best case and worst case scenarios. I'd call it 'Bailout 101'. I'll be needing more information, but it's an understandable overview for the layman and I'd recommend it for that.
there is a lot of basic information here, but many questions are left hanging with the information given. for example the story speculates on how much the 'add-on's will cost the taxpayer, including the energy incentives, later mentioning that they are completely paid for. also it sounds to someone who doesn't know that the fdic is an alternative to the bailout for many banks, and doesn't point out why prefer one over the other for the taxpayer or the bank. nevertheless there is a lot of information here about how the process is supposed to work, just not enough depth for someone who knows little about the financial industry.
The best kind of Journalism today is Guerilla Journalism with the best example found here. www.realdemocracyinamerica.com/blog/ We The People should not waste our time with ESTABLISHED Media who hire LOBBYISTS to keep the STATUS QUO, the STATUS HO.
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