bad debt

Two days after the House rejected the $700 billion bailout bill, the Senate is set to vote on the rescue plan for financial institutions.

Asian stock markets fell Monday amid investors skepticism that the deal reached in Washington over a $700 billion bank bailout would quickly resolve the bad debt crisis.

Its not only 'House Republicans' that oppose the Government buying banks bad debt, but also people on the left as the Huffington Post shows.

No matter your political leaning devaluation of your dollar and the government using your money to invest in something nobody else will buy is paving the road to serfdom.

Asian stock markets fell Monday amid investors skepticism that the deal reached in Washington over a $700 billion bank bailout would quickly resolve the bad debt crisis.

Stocks on Tuesday wavered in and out of positive terrain with investors in limbo with further hearings Wednesday on the Bush administration's $700 billion proposal to relieve banks of bad debt and bring back ...

WASHINGTON : Faltering financial institutions whose toxic assets have brought markets to the brink of catastrophe could unload their bad debt on the government, and in turn the taxpayer, under a half-trillion ...

The Bush administration is asking Congress to let the government buy $700 billion in bad mortgages as part of the largest financial bailout since the Great Depression.The plan would give the government broad power to buy the bad debt of any U.S. financial institutions for the next two years.

It also would raise the statutory

The plan would give the government broad power to buy the bad debt of any U.S. financial institution for the next two years.

Wall Street extended a huge rally Friday as investors stormed back into the market, relieved that the government plans to restore calm to the financial system by rescuing banks from billions of dollars in bad debt.

The Dow Jones industrials rose about 370 points, giving them a massive gain of about 780 over two days, and Treasurys fell as money flowed into equities.

Wall Street had another extraordinary rally Friday as investors stormed back into the market, relieved that the government plans to restore calm to the financial system by rescuing banks from billions of dollars in bad debt.

The Dow Jones industrials soared about 370 points, giving them a gain of about 780 over two days, and Treasurys fell as money flowed into equities.