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.
2 comments:
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.
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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.
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