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Breaking: Paulson plan could cost $1 trillion, Sharks with laser beams will cost extra.

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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 08:59 AM
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Breaking: Paulson plan could cost $1 trillion, Sharks with laser beams will cost extra.
By MIKE ALLEN | 9/19/08 8:47 AM EDT

Congressional leaders said after meeting Thursday evening with Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke that as much as $1 trillion could be needed to avoid an imminent meltdown of the U.S. financial system.

Paulson plans to announce his “comprehensive” plan at 10 a.m. Eastern at the Treasury building, next door to the White House.

Stock markets soared around the world in anticipation of the rescue, with British and Chinese indexes recording their biggest gains ever.

Senate Banking Committee Chairman Chris Dodd (D-Conn.) said on ABC’s “Good Morning America” said lawmakers were told last night “that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications, here at home and globally.”

“What you heard last evening is one of those rare moments — certainly rare in my experience here — was that Democrats and Republicans decided we needed to work together, quickly,” Dodd said.

http://www.politico.com/news/stories/0908/13602.html
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 09:00 AM
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1. He Paul, while you're printing a Tillion Dollars of Funny Money
How 'bout kicking me a few grand?
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fed_up_mother Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 09:00 AM
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2. That trillion is only to avoid an "imminent" breakdown
After the election, they'll have to infuse another trillion or so to keep this thing going. :(
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yardwork Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 09:01 AM
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3. fricken asshole republicans
epic fail
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