Senate Approves Bailout Plan also Known as Emergency Economic Stabilization Act (EESA) of 2008
'The EESA authorizes $700 billion dollars to The Secretary of the Treasury to buy bad mortgage assets from troubled financial institutions.'
(EMAILWIRE.COM, October 02, 2008 ) Washington, DC - The United State Senate approves a modified version of the bailout plan late yesterday. The modified version includes increased FDIC insurance of bank accounts from $100,000 to $250,000. The House of Representatives is expected to vote for the new plan on Friday.
The EESA authorizes $700 billion dollars to The Secretary of the Treasury to buy bad mortgage assets from troubled financial institutions; these financial institutions will then have money to lend to businesses, so that businesses can run their operations.
For more news on the Senate bailout vote, go to http://www.usgovernment-news.com/us_senate.php .
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The EESA authorizes $700 billion dollars to The Secretary of the Treasury to buy bad mortgage assets from troubled financial institutions; these financial institutions will then have money to lend to businesses, so that businesses can run their operations.
For more news on the Senate bailout vote, go to http://www.usgovernment-news.com/us_senate.php .
About Usgovernment-News.Com
USGovernment-News.com provide breaking news on 2008 presidential elections, U.S. Congress, Senate, House or Representatives, the Democratic and Republican Parties, George W. Bush and the U.S. Military. The news site also carries streaming video on U.S. Politics, Democrats, Republicans, Barrack Obama and John McCain. Usgovernment-news.com carries government related press release feeds from EmailWire.Com.
About EmailWire.Com
Emailwire.com™ ( http://www.emailwire.com ) is a press release distribution service of GroupWeb Media LLC. Emailwire.com™ uses social networking, co-branding, viral marketing, XML, RSS, FTP feeds and E-mail alerts to distribute press releases to major and none major newswires, vertical and social network news websites, blogs, individual email boxes through opt-in distribution, and to journalists’ desktops in the format they choose. EmailWire.Com currently offers unlimited pres release distribution for $499 per year at http://www.emailwire.com/publications/unlimited_press_release_distribution.php .
About GroupWeb Media LLC
GroupWeb Media LLC ( www.groupweb.com ) is an online media company that specializes in press release distribution, newswire services, news aggregation and dissemination. GroupWeb Media LLC currently has 70 regional and 36 vertical portals that deliver news to targeted audiences.
GroupWeb Media Staff
Tel: 281-645-4086
www.groupweb.com
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