HOUSE PASSES BAILOUT

The House today passed a far-reaching and historic plan to bail out the nation’s financial system. “I applaud the action taken by the Congress,” said Federal Reserve Chairman Ben Bernanke. “The legislation is a critical step toward stabilizing...

BAILOUT PACKAGE REJECTED

In a turn of events that sent the Dow Jones industrials plunging 777 points — the most ever for a single day — the House yesterday voted against the proposed $700 billion financial bailout package. The legislation, potentially the biggest government intervention since...

DOTZOUR'S TAKE ON PROPOSED BAILOUT

As negotiations continue over the proposed $700 billion bailout of the nation’s financial system, Dr. Mark Dotzour, chief economist for the Real Estate Center at Texas A&M University, offers his perspective: “It’s a sad day in America when the federal...