Breaking News on MSNBC regarding an announcement by

[akbacchus_BC]

Senator Reid tomorrow on the Financial Bailout Bill.

I am hoping it will be beneficial for all Americans who are most affected.

Goodluck to my fellow DUers and Americans generally.

Regards

[willing dwarf]

1. In other words...they've found a new vein we can bleed from...

vampire nation....

[akbacchus_BC]

4. I will be very disappointed if this means the middle and working class

will continue to be adversely affected.

[leftofcool]

7. You can count on it.........

and your children and grand children

[nadinbrzezinski]

2. If I read this press release from the Senate

right, housing relief is part of it

July 29th, 2008 Contact: Marvin Fast
[phone]

TODAY: DODD CONVENES HOPE FOR HOMEOWNERS BOARD

WASHINGTON, DC – Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs, today will convene a meeting with members of the Oversight Board of HOPE for Homeowners to ensure the timely implementation and operation of the program. HOPE for Homeowners, an initiative established by the Housing and Economic Recovery Act which passed the Senate on Saturday and which the President has said he will sign into law, is expected to help prevent foreclosure for hundreds of thousands of Americans who are struggling to keep their homes. Dodd will hold a media availability immediately after the closed-door meeting.

WHO: Chairman Chris Dodd

Federal Reserve Board Chairman Ben Bernanke

Treasury Secretary Henry Paulson

FDIC Chairman Sheila Bair

HUD Secretary Steven Preston (Invited)



WHEN: TODAY, Tuesday, July 29th

5:00 P.M. – SPRAY OF ROOM (for still and video cameras only – no audio)

6:00 P.M. – AVAILABILITY (for all credentialed press)



WHERE: 448 Russell Senate Office Building



-30-

[Muttocracy]

3. but is that from July or are they putting in same stuff? nt

[nadinbrzezinski]

5. This is from tonight the HOPE is part of the bill

[nadinbrzezinski]

6. oh never mind

thought it was tonights... silly me

WHERE IS THE proposed plan? Will go to Reids

[steve2470]

8. Congressional leaders reach tentative deal on bailout - brief story from CNN

http://www.cnn.com/2008/POLITICS/09/28/bailout.ap/index.html

WASHINGTON (AP) -- Congressional leaders and the Bush administration have reached a tentative deal on a bailout of imperiled financial markets that could cost taxpayers hundreds of billions of dollars.

The House could vote on it Sunday and the Senate on Monday. House Speaker Nancy Pelosi announced the accord just after midnight Saturday and said it still has to be put on paper.

Treasury Secretary Henry Paulson talked of finalizing the deal but added: "I think we're there."

The aim of the deal is to prevent credit from drying up and causing a meltdown of the U.S. economy.

end of article