Wednesday, April 15, 2009

Financial Crisis: What you should know


The financial crisis gripping the country had already created widespread confusion about what these problems might mean for ordinary Americans, and that was before a week of political bickering over a massive financial rescue package for Wall Street.

Hoping to calm a jittery public and win over some skeptics, a new version of the rescue package includes a provision that would increase the amount of money the Federal Deposit Insurance Corp. would insure in the event of a bank failure. That version passed the Senate Wednesday and was approved by the House of Representatives on Friday.


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Posted By Lee Ruth

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