Bailout fails - they want more!
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Bailout Creating a Financial Black Hole to Suck Us All In
AP
Credit markets to Washington: Bailout isn't enough
Friday October 3, 6:24 pm ET
By Madlen Read, AP Business Writer
After House OKs bailout, credit markets tighten on fears the plan isn't enough to help economy
NEW YORK (AP) -- The credit markets finally got a bailout bill, but the stranglehold hasn't let up -- a troubling sign that lenders and investors believe the package will only be a baby step in the long road to economic recovery.
The credit markets, where companies go to get cash loans, have seized up since the bankruptcy of Lehman Brothers Holdings Inc. and in anticipation of the $700 billion plan initially voted down by the House. The House passed a revised version of it Friday following the Senate's approval earlier this week, but anxiety about its effectiveness kept demand for Treasury bills high and nearly nonexistent for other types of debt.
--MORE--
Bailout Creating a Financial Black Hole to Suck Us All In
AP
Credit markets to Washington: Bailout isn't enough
Friday October 3, 6:24 pm ET
By Madlen Read, AP Business Writer
After House OKs bailout, credit markets tighten on fears the plan isn't enough to help economy
NEW YORK (AP) -- The credit markets finally got a bailout bill, but the stranglehold hasn't let up -- a troubling sign that lenders and investors believe the package will only be a baby step in the long road to economic recovery.
The credit markets, where companies go to get cash loans, have seized up since the bankruptcy of Lehman Brothers Holdings Inc. and in anticipation of the $700 billion plan initially voted down by the House. The House passed a revised version of it Friday following the Senate's approval earlier this week, but anxiety about its effectiveness kept demand for Treasury bills high and nearly nonexistent for other types of debt.
--MORE--