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House rejects bailout plan
House rejects bailout plan
Sputnik International
The House of Representatives rejected a $700 billion bailout plan by a vote of 228 to 205. The bill would have authorized the Treasury Department to spend up... 30.09.2008, Sputnik International
2008-09-30T09:40+0000
2008-09-30T09:40+0000
2022-10-19T19:47+0000
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House rejects bailout plan
09:40 GMT 30.09.2008 (Updated: 19:47 GMT 19.10.2022) The House of Representatives rejected a $700 billion bailout plan by a vote of 228 to 205. The bill would have authorized the Treasury Department to spend up to $700 billion to purchase broken mortgage-backed assets from banks with the goal of thawing frozen capital markets.
