日本語
Español
中文
Русский 
US House approves modified bailout plan
Fri, Oct 3 2008, 17:27 GMT
http://www.fxstreet.com
FXstreet.com (Barcelona) – The US House has approved Bush’s $ 700 Billion Bailout Plan to save the US financial market in the second attempt after some modifications, including tax cuts, were introduced to it, in a improvised reaction to revive it after it was rejected on Monday.
The plan has been approved by 263 votes to 171, with Democrat representatives voting massively for it while iin the republican side the “Nay” won over the “Yea” by a narrow margin.
The Plan, mainly consisting in a $700 billion bailout to buy toxic mortgage-related securities from failing financial institutions has arisen quite a deal of controversy among citizens as well as among congressmen who were not convinced by the idea of paying wall-street risk-takers wrongdoing with taxpayers money.
After Monday’s refusal, backers of the plan modifies it slightly in order to make it more palatable for dissenting congressmen, a package of tax-breaks totalling about $ 110 more billion as well as subsidies for alternative energy companies, were added to the plan before sending it back to the senate, where it approved with a large majority of votes.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Breaking Forex News
BOE: Credit, Asset Prices Could Guide Macroprudential Rules
Dow Jones | Sat, Nov 21 2009, 00:21 GMT
Wall Street ends Friday in negative; Dollar with gains
FXstreet.com | Fri, Nov 20 2009, 22:14 GMT
2nd UPDATE: Cigna 'Going Global' As Part Of Repositioning
Dow Jones | Fri, Nov 20 2009, 22:06 GMT
Argentina Bonds Ease Amid Confirmation Of Dec Or Jan Swap
Dow Jones | Fri, Nov 20 2009, 21:41 GMT
Peru's Main Stock Indexes End Mixed; Sol Weakens Slightly
Dow Jones | Fri, Nov 20 2009, 21:36 GMT
Latest Updated Reports
Gold Weekly Technical Outlook by Oil N' Gold
Sat, Nov 21 2009, 08:19 GMT
Long Term Forex Analysis - USDCHF is in range trading between 1.0032 and 1.0337 by ForexCycle.com
Sat, Nov 21 2009, 05:11 GMT
Forex Technical Report - S&P and NASDAQ Post Weekly Reversal Tops by ForexHound.com
Sat, Nov 21 2009, 00:02 GMT
Forex Technical Report - Dollar Closes Higher for Week against a Basket of Currencies by ForexHound.com
Fri, Nov 20 2009, 23:59 GMT
Fundamental News Summary - US Session News Summary by ecPulse.com
Fri, Nov 20 2009, 21:12 GMT
