Stimulus update

The financial crisis has made my life busier and that means more to blog as well.  Here is the latest:

Sen. Charles Schumer,
a senior member of the Senate Banking Committee, said that if
Washington undertakes an effort to buy up bad assets from struggling
U.S. banks, it could cost taxpayers up to $4 trillion.

I don't know if he means net or gross but I am assuming the latter.  It's still a lot to pull out of capital markets.  And:

Democratic amendments are expected as well. Senate Banking Committee Chairman Christopher Dodd said he might try to insert a 90-day moratorium on home foreclosures, which have been skyrocketing.

Addendum: More info here.


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