In September of 2008 George Bush proposed a bailout bill to rescue failing companies on wall street. The Bailout plan began as a three-page bill which was
quickly shot-down by the senate. Since then the document has grown to over one-hundred pages and features much stricter stipulations on how the money can
be spent. After passing in the Senate the bill moved onto the House and passed on Friday, October 3rd, 2008.
Both leaders in Washington and individual Americans are working hard to understand the full impications of this bill and particularly whether or not it will
in the end help-out the average American. The bailout bill allows Secretary Paulson to disperse the money given that he does so within the guidelines set forth
by congress.
There is a common problem that most Americans have with this bill - how much will the bailout plan cost the average American? Another important question is;
will the average American see any return on their investment? Many Americans feel that this money should be given to the individuals rather than the
companies and let the money trickle back-into the system.
With the U.S. elections just about one-month away this has become one of the hottest issues in the world. Will the Wall Street Bailout Plan work? Will the
average American benefit from this plan or will U.S. tax dollars go towards lining the pockets of the Wall Street elite? This website was create to help answer
those questions and provide up-to-date information on the current status of the bailout bill.
Please continue to check this website as we will carefully cover all the latest news and explain the impact it will have on your financial future.
Latest Bailout Bill News
Updated for October 4th 2008
Long Island pols explain why they passed bailout bill
Bush signs into law revised financial bailout bill
Congress looked ugly passing bailout bill, but system worked
Bailout bill more about shafts than building confidence
Bail-out leads to conflict of interest claims as Wall Street financiers cash in on crisis
Related Reading
Share your thoughts with BailoutBill.us Readers
Please write-in below with your questions, comments, or insight into the bailout bill. We will add these to our site and let your voice be heard!
