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BAILOUT NEWS & VIEWS


Anti-Bailout Poster * Click Here
 Where's The Gain?
*BAILOUT Now Law | On Fri. afternoon, Oct. 3, 2008, Pres. Bush signed the controversial bailout bill. Passed earlier in the day by the House 263-171, the financial services intervention plan was increased to approximately $800 billion with additional taxpayer and small business perks. In turn, Wall Street thanked the President and Congress for their trouble with a 157 drop in the Dow on heavy trading. | *For CNNMoney.com commentary that supports the bill, Click Here> | *For MarketWatch.com article that believes bill helps Main Street, Click Here> | *Here's why Rep. Dennis Kucinich calls bailout "the dumbest thing I've ever seen:" Click Here> | *For city council member and Republican candidate Carl Mumpower's opposition to the bailout, Click Here>

H.R. 1424
*HERE ARE THE BAILOUT DETAILS That Have Been Signed into Law
| Brought to you by the Library of Congress, Click Here>


BB&T CEO Provides 'Healthy Bank' Perspective
*HERE'S WHY BB&T Sees the Bank Bailout in a Different Light -- and Why the Latest Bill Already Needs Refining | Throughout the Southeast, BB&T's CEO John Allison is considered by many, including competitors, to be a brilliant banker with an acute sense of what's fair for everyone. Prior to the initial bailout package, he published an impressive financial services perspective entitled, "Key Points on 'Rescue' Plan from a Healthy Bank's Perspective." | For Allison's take on what community banks and Main Street really need, Click Here>

Money Talks, Bull Walks

*SERIOUS FINANCIAL NEWS Worth Reading and Watching | CNN Money has the latest news about the Year of the Bear as the credit crunch, Wall Street crash and economic uncertainty continues. | For CNN Money, Click Here> | For more money news, visit C-SPAN.org Economist.comFortune.com, FT.com, MarketWatch.com, MSNBC.MSN.com, NYTimes.com, Time.com, USAtoday.com, WashingtonPost.com, and WSJ.com.

*FEDERAL RESERVE BERNANKE Says ... | Inflation and interest rates might ease: Click Here> | Fed can ease credit crunch: Click Here> | Lending activity has been down due to factors of supply and demand: Click Here> |

*CARL MUMPOWER SAYS HOUSE BILL 
Is 'Treating the Wrong Patient' | For complete article, Click Here>

*WHY THE REVISED BAILOUT PLAN Remains a Bad Idea | Columnist Pat Richards writes why the rescue is "only a dream:" Click Here>

*BANK BAILOUT
 Versus Homeowner Security
| Asheville consulting engineer Phil Bisesi wants Congress to reduce the risk and the price tag of the bailout for taxpayers. | Click Here>

FOR MORE 'MONEY TALKS, BULL WALKS,' Click Here>


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