2008 US financial system bailout

American lawmakers proposed an initial bill for a United States financial system bailout. This measure, which involved the government acquiring or insuring as much as $700 billion of troubled mortgage-backed securities, was intended to reduce uncertainty regarding these assets and restore confidence in the credit markets. The bill was rejected by the United States House of Representatives on September 29th by a 228 to 205 margin.
The bill of a scavenger—the vulture.
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