28 September 2008

Deal? Or no deal?

-- WASHINGTON (Reuters) -- U.S. congressional leaders Sunday said they had reached the broad outline of a deal to put in place a $700 billion financial system bailout but were awaiting details on paper before declaring it final.

Fear-wracked financial markets had lent the talks urgency and lawmakers were striving to reach a deal by Sunday before Asian markets open.


Raphael Alexander said...

Of course they'll deal. I haven't seen any evidence the people of the U.S. are in control of their country in the past eight years, and I don't expect it to start happening now.

Neo Conservative said...

i heard part of the problem was that aig had insured hundreds of billions of dollars of bad paper for under-capitalised european banks.

apparently, if aig is not bailed out... it echoes around the globe.