Magnet Investments

John McCain

In any case, the law approved by the Congress gives great flexibility to the Treasure, that will be able to directly buy debt or action to an organization, it creates if it necessary It adds us to Elas in his commentary, that the plan in himself is of being infallible, but are irrefutable its intentions: to eliminate the assets that prevent the liquidity in the balance of the banks, depreciated by the mortgages sweepings. The rarefaction wave forced nationalizations of banks in Europe, like in the United States, and accentuated the fall of the bags. The peculiar thing, this time, was the first answer of the Capitol: ” No”. As much in the Great Depression of 1929 like in most modest of 2000, both cameras tried to stop financial breaks and to frighten recessive ghosts. Why, then, the republicans and the democrats refused in initial form to allow the rescue? By principles: what blames they have the contributors of the mistakes of which they thought that the bubble was not going to puncture itself so soon? Definitively, the salvataje plan that drove the government of George W. Bush to contain financial and stock-exchange the fiasco was approved yesterday at noon by the House of Representatives (delegated) and promulgated hour later by president George W. Bush. But 700 billions of dollars that will receive the secretary of the Treasure Henry Paulson to rescue to the investment banks in problems seems not to have been sufficient for Wall s$street, that he closed with a 1.49% loss.

Also the Latin American and Asian markets fell. The European bags, however, closed with important you raise. The Newspaper the reason of Argentina, contributes to us in addition, that the salvataje plan against received 263 votes to favor and 171. And it was approved on the decision of the democrats, since between the republicans it gained ” no”. The project had received average sanction Wednesday in the Senate, where modifications had been introduced him after which Monday two thirds of the republican deputies and a third of the democrats would reject the original project of the White House. That day, Wall s$street closed with a fall of 6.98%, one of the worse ones of its history. The approval of the salvataje plan was celebrated by Bush, who was thankful to the Capitol to help the American economy to survive the financial storm. The democratic candidate Barack Obama, on the other hand, declared contentment and affirmed that it is necessary to make sure that the Treasure is structuring these assets so that protects to those who pay taxes. And the republican candidate, John McCain, said that the rescue plan must help to the middle-class and not Wall s$street. In any case with the approval of the Plan, Bush obtains agreement that was necessary for the country that it requires of a new leadership rescues that it leads and it by the footpath where it had to be, protecting the democracy, freedom and collaborating with all those countries that know of his hemogena but with respect, without submission, nor oppression.

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