All Posts Tagged With: "deposit insurance"

post thumbnail

Bailout Bill Leaves Markets in Deep Freeze

Global share markets don’t look very convinced the U.S. Senate’s passage of a bailout bill will purge the financial sector of the bad debts which are killing it. Perhaps it’s because the Senate bill was such a joke. The plan, or FrankenTARP as we are now calling it includes restriction on judicial review, a suspension of the normal rules for drafting and debating legislation in front of Congress, and allows for the President and Treasury Secretary to come back as many times as they’d like for more. money.

October 3rd, 2008 | Dan Denning | 2 comments | Continued
Subscribe to the Daily Reckoning

© Copyright The Daily Reckoning Australia & Port Phillip Publishing Pty LTD 2010 All rights reserved.

Port Phillip Publishing Pty Ltd holds an Australian Financial Services License: 323 988. View our Financial Services Guide.

ACN: 117 765 009 ABN: 33 117 765 009

Port Phillip Publishing
Attn: Daily Reckoning Australia
PO Box 899
Braeside
VIC 3195

Tel: 1300 667 481
Fax: (03) 9558 2219