Bailout Dead… For Now. Country Braces For Fallout

Posted Tuesday, September 30, 2008

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The House bucked the president and the economists, dismissing warnings of dire consequences if the financial bailout bill weren't passed today. A majority voted NO on the proposed $700 billion bill. Exactly how will the nation fix this mess? What should Americans be doing? Will credit freeze up as predicted? With the DOW rapidly dwindling, retirement accounts shrinking, and bills coming due, it's clear something needs to be done, but what, and by whom? On The Sound of Ideas®, we'll hook up with finance experts and lawmakers and try to get a sense of where we go from here.

Guests

Kevin Jacques, Boynton D. Murch Chair in Finance and Associate Professor, Baldwin Wallace College
William Mahnic, lecturer in business, banking and finance at the Weatherhead School of Management, CWRU
Peter McKay, Wall Street Journal
U.S Representative Betty Sutton (D-13)
U.S Representative Stephen LaTourette (R-14)

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