Mountain Sage

Dow Rises 485 Points a Day After 777-Point Fall
Stocks staged a broad recovery on Tuesday after Monday’s big
sell-off. The Dow Jones industrials gained 485 points, more
than halving the 777-point decline on Monday.
Read More:
HERE

Investors bet that a bailout plan can be passed later this week. Dow jumps 400 points.
By Alexandra Twin, CNNMoney.com senior writer
Last Updated: September 30, 2008: 2:39 PM ET
NEW YORK (CNNMoney.com) — Stocks rallied Tuesday afternoon as investors scooped up shares battered in the bloodletting that followed Congress’ failure to pass a $700 billion bank rescue [...]

After the stress of the last couple of days, it’s time for some laughs.
Hat Tip to The Divine Democrat.

Donald Trump has an interesting take on the bailout bill not passing….he says there is a silver lining to the crisis cloud.

House Locked in Vote on Bailout Plan
By CARL HULSE and DAVID M. HERSZENHORN 4 minutes ago
With enough “no” votes recorded to defeat the measure, barring a change in position by some lawmakers, the markets were plunging early in the afternoon.
The New York Times

Here are some highlights of the financial bailout bill:

Doling the money out: The $700 billion would be disbursed in stages, with $250 billion made available immediately for the Treasury’s use. Authority to use the money would expire on Dec. 31, 2009, unless Congress certifies a one-year extension.
One thing we know is that once the government [...]

Here is a link to the 110 page draft of the ‘‘Emergency Economic Stabilization Act of 2008’’.
One thing I’m glad to see in the bill is this:
(C) a prohibition on the financial institution making any golden parachute payment to its senior executive officer during the period that the Secretary holds an equity or debt position [...]

According to Fox News there is a tentative hand-shake agreement on the bailout. These are some of the highlights of the bill:

limits on executive compensation

share for taxpayers in any future profits

a push by the government to work out deals between homeowners and lenders to limit foreclosures

if taxpayers lose in the long run financial institutions are [...]

According to Fox News there is a tentative hand-shake agreement on the bailout. These are some of the highlights of the bill:

limits on executive compensation

share for taxpayers in any future profits

a push by the government to work out deals between homeowners and lenders to limit foreclosures

if taxpayers lose in the long run financial institutions are [...]

On September 16 Nancy Pelosi boldly declared that the Democrats bear no responsibility for the economic crisis. When I heard Pelosi’s declaration I immediately wondered what she was covering up…usually when a politician makes such a categorical statement they are engaging in a shell game of misdirection desperately trying to divert scrutiny of their [...]