Thursday, October 2, 2008

Senate Approves Financial-Rescue Bill

The Senate voted to approve the financial-rescue bill, sending the modified measure back to the House, where its outlook remains uncertain.
And if there was ever a bill more larded with pork to make it palatable (the culinary metaphor doesn't really work, does it?), this is it. That said, the increase in the deposit-insurance limit to $250,000 and the additional funding for the FDIC are both good ideas.

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