Friday, October 3, 2008

Senate, House and President Agree: This is how we throw money at the economy

The final bill. Let's see what all's in it.

"President Bush Signs H.R. 1424 Into Law

On Friday, October 3, 2008, the President signed into law:

H.R. 1424, the Emergency Economic Stabilization Act of 2008, Energy Improvement and Extension Act of 2008, and Tax Extenders and Alternative Minimum Tax Relief Act of 2008, which authorizes the Secretary of the Treasury to establish a Troubled Assets Relief Program to purchase troubled assets from financial institutions; provides Alternative Minimum Tax relief; extends expiring tax provisions and establishes energy tax incentives; and temporarily increases Federal Deposit Insurance limits."

I like Andrew Leonard's commentary. Seems right.

SEC Revokes Ban on Short Selling as of Oct. 9

Palin saved her next crazy moment until after the debate. This is one entertaining lady. Are we about to get Andrew Sullivan's long-desired press conference?


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