Sunday, September 28, 2008

Bailout deal apparently reached

You know how the Democrats are the evil party and the Republicans are the stupid party? How when they come together and do something both evil and stupid its called bipartisanship?

Here goes: Deal reached on financial markets bailout From the Detroit News:
Congressional leaders and the Bush administration reached a tentative deal early Sunday on a landmark bailout of imperiled financial markets whose collapse could plunge the nation into a deep recession.

House Speaker Nancy Pelosi announced the $700 billion accord just after midnight but said it still has to be put on paper.

"We've still got more to do to finalize it, but I think we're there," said Treasury Secretary Henry Paulson, who also participated in the negotiations in the Capitol.
The report is very short on details and hopefully we'll find more about what we've just had done to us shortly (likely too late to do anything about it), but for now hang on its going to be an interesting ride.

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