Tag «Senate»

Bailout failed for automakers

Newsflash: The bailout has officially died in the senate as of 11:03pm, as it could not find sufficient number of votes from the Republicans to pass the legislation. Oil have down more than 2 dollars in the past hour and US Stock Futures have gone down for more than 3% tonight. There will be another …

Finally, the 700 billion..

I was really thrilled to hear that the senate has finally approved the package to save the financial world. I am not sure how much the collapse of Washington Mutual would have made those senators feel that they finally need to do some work rather than arguing all over the place to maximize their political …