Wall Street rescue won't help all - by Tom Raum
Congressional leaders and the White House agreed yesterday to a $700-billion rescue of the ailing financial industry after legislators insisted on sharing spending controls with the administration. The biggest U.S. bailout in history won the tentative support of both presidential candidates and goes to the House of Representatives for a vote today. The plan would give the administration broad power to use billions of taxpayer dollars to purchase devalued mortgage-related assets held by cash-starved financial firms.
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