Revised USA Rescue Bill Today?
Published / Last Updated on 30/09/2008
Revised USA Rescue Bill Today?
The US stockmarket recovered some if its Monday losses with speculation that the US congress have been working non-stop to ensure a successful financial rescue deal.
The plan is to increase the ceiling on banking deposit protection from $100,000 to $250,000 which will hopefully instill confidence in depositors as well as assist and promote rescue and takeover deal discussions for any ailing institutions.
In addition, stronger guidance to be issued on how and when institutions lend to each other in times of credit risk and fund liquidity as we have now.
The deal could be agreed and voted on as early as tonight.
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