SAN FRANCISCO -- The U.S. Senate is scheduled to vote Wednesday on its
version of the historic $700 billion Wall Street rescue package, two days
after the House of Representatives' stunning rejection of the original
legislation.
The move capped a day of behind-the-scenes negotiations to try to salvage
some version of the package that the House, defying President Bush and its
own party leaders, rejected on a 228-205 vote.
The package before the Senate will be similar to the House version, with
these additions, the New York Times reported in its online edition:
a.. The higher limit for insured bank deposits sought by the Federal
Deposit Insurance Corp., which asked to raise the cap to $250,000 from
$100,000, to quell opposition by individual and small-business depositors.
b.. Tax breaks for businesses and alternative energy, part of a package
that has been caught in a stalemate in the House of Representatives. The
Senate version of the gridlocked tax legislation would cost more than $100
billion and extend and expand many individual and business tax breaks,
including tax credits for the production and use of renewable energy
sources, like solar energy and wind power, the Times said. It would also
extend the business tax credit for research and development, expand the
child tax credit, protect millions of families from the alternative minimum
tax and provide tax relief to victims of recent floods, tornadoes and severe
storms, according to the Times..
Senate Majority Leader Harry Reid, D-Nev., said details of the proposal
wouldn't be available until Wednesday, the Times reported.
If the Senate approves the package, it would go to the House, which doesn't
reconvene until noon Eastern on Thursday.
The House's rejection triggered an historic, 777-point drop for the Dow
Jones Industrial Average.
The Senate development comes after members of both houses went back to the
drawing board Tuesday in an effort to craft a new version of rescue package
for the financial markets.
With some members of Congress gone for the Jewish New Year holiday, other
members of both the House and the Senate met in Capitol Hill offices in a
furious attempt to hammer out new language for the defeated bailout plan.
Senate Banking Committee Chairman Christopher Dodd, D-Conn., said he was
"hopeful and optimistic" Congress would come up with a plan soon, and Senate
Minority Leader Mitch McConnell, R-Ky., agreed that a bill could be finished
this week.
The senators' statements come as markets staged a partial recovery from
their dizzying 777-point drop on Monday following the House's rejection of
the bailout plan, rebounding almost 500 points on Tuesday.
Tuesday morning, a grim-faced President Bush again called on Congress to
push through a bailout plan.
"I assure our citizens and citizens around the world that this is not the
end of the legislative process," Bush said. "I recognize this is a difficult
vote for members of Congress. The reality is that we are in an urgent
situation, and the consequences will grow worse each day if we do not act."
New proposals
With lawmakers now in session past their scheduled recess date, members of
Congress are hunkering down and trying to fashion a bill that's palatable to
as many members as possible. Meanwhile, regulators and the presidential
candidates are also working to address the market crisis.
U.S. regulators issued clarification on Tuesday afternoon about how to use
"fair-value" accounting, which has been cited as one of the major reasons
for the meltdown in the U.S. financial system. Among the clarifications
issued by the Financial Accounting Standards Board and the Securities and
Exchange Commission, are that management's internal assumptions may be used
to measure fair value when relevant market evidence doesn't exist.
The fair-value rules, which went into effect Nov. 15, 2007, force financial
institutions to put a prevailing market value on their assets or liabilities
each quarter. The accounting board is preparing to propose more
interpretative guidance about fair value measurement later this week.
Separately, presidential candidates Sens. Barack Obama and John McCain spoke
in favor of boosting the federal insurance for bank deposits to $250,000
from the current limit of $100,000. The proposal may make the $700 billion
rescue plan more palatable to House Republicans.
Speaking to reporters on Tuesday, Texas Republican Randy Neugebauer
acknowledged that "there's a lot of pressure to get something done," but
appeared in no hurry to pass a bill this week. "We shouldn't be worrying
about the short term here," Neugebauer said
'Second thoughts'
But Dodd told reporters following a meeting with Reid that he'd heard that
some House members who rejected the deal on Monday are having "serious
second thoughts."
"I've just been told anecdotally by colleagues who have talked to members of
the House, both Democrats and some Republicans, that they'd like another
shot at this," Dodd commented. "So my hope is we can give them that and get
this done."
Rep. Paul Kanjorski, D-Pa., who chairs a House Financial Services
subcommittee on capital markets, urged fellow lawmakers to act quickly.
"We can also consider additional provisions to improve the legislation, but
I caution my colleagues that during this economic crisis is not the time to
let the perfect become the enemy of the good," Kanjorski said in a
statement. "While we do not have a perfect bill, we do have a perfect
storm."
At the White House, a spokesman said the Bush administration would not
support changing the core of the rescue plan -- which calls for the
government to buy troubled mortgage assets from financial institutions, but
it will examine all measures to try to round up enough votes to pass the
measure.
Spokesman Tony Fratto said the White House believes the bill can be approved
this week.
--
Seguire l'esperienza puo' farti sbagliare di tanto in
tanto. Ma a non
seguirla saresti veramente un asino. E soprattutto preoccupati delle
perdite,
perche' i profitti sanno badare a se stessi...
Il trading non è il punto di partenza...ma un
punto di arrivo...dopo aver seminato conoscenza sboccerà da solo...perchè è
il
frutto....non il seme...e ha solo due regole: La prima è non perdere. La
seconda è non scordare la prima...
"* Jack * ~DueHammer~" <a_lavurà@cialtrùùnn.biz> ha scritto nel messaggio
news:48e31a91$0$41664$4fafbaef@reader4.news.tin.it ...
> che cazzo gli frega a questi compreranno due rotative in più
"CatMan" <caffarone@timme.com> ha scritto nel messaggio
news:XZEEk.14466$Uo5.4046@tornado.fastwebnet.it...
> "* Jack * ~DueHammer~" <a_lavurà@cialtrùùnn.biz> ha scritto nel messaggio
> news:48e31a91$0$41664$4fafbaef@reader4.news.tin.it ...
>> che cazzo gli frega a questi compreranno due rotative in più
> pensa pure Apuo se sta a organizzà
"CatMan" <caffarone@timme.com> ha scritto nel messaggio
news:XZEEk.14466$Uo5.4046@tornado.fastwebnet.it...
> "* Jack * ~DueHammer~" <a_lavurà@cialtrùùnn.biz> ha scritto nel messaggio
> news:48e31a91$0$41664$4fafbaef@reader4.news.tin.it ...
>> che cazzo gli frega a questi compreranno due rotative in più
> pensa pure Apuo se sta a organizzà
rotfl per ora fà gli yen ma da na facciata sola
se stà a perfezionà però :-)
"l'orsotoro®" <lami@com.it> ha scritto nel messaggio
news:48e31deb$0$41656$4fafbaef@reader4.news.tin.it ...
> "CatMan" <caffarone@timme.com> ha scritto nel messaggio
> news:XZEEk.14466$Uo5.4046@tornado.fastwebnet.it...
>>> "* Jack * ~DueHammer~" <a_lavurà@cialtrùùnn.biz> ha scritto nel messaggio
>> news:48e31a91$0$41664$4fafbaef@reader4.news.tin.it ...
>>> che cazzo gli frega a questi compreranno due rotative in più
>>> pensa pure Apuo se sta a organizzà
> Alle 11 trinchetto dirà la sua..........
"* Jack * ~DueHammer~" <a_lavurà@cialtrùùnn.biz> ha scritto nel messaggio
news:48e31ea3$0$41652$4fafbaef@reader4.news.tin.it ...
> "CatMan" <caffarone@timme.com> ha scritto nel messaggio
> news:XZEEk.14466$Uo5.4046@tornado.fastwebnet.it...
>>> "* Jack * ~DueHammer~" <a_lavurà@cialtrùùnn.biz> ha scritto nel messaggio
>> news:48e31a91$0$41664$4fafbaef@reader4.news.tin.it ...
>>> che cazzo gli frega a questi compreranno due rotative in più
>>> pensa pure Apuo se sta a organizzà
>> rotfl per ora fà gli yen ma da na facciata sola
> se stà a perfezionà però :-)
No...no...m'ha già mandato il facsimile.....le fa' tutt'e due!
"l'orsotoro®" <lami@com.it> ha scritto nel messaggio
news:48e32152$0$41660$4fafbaef@reader4.news.tin.it ...
> "* Jack * ~DueHammer~" <a_lavurà@cialtrùùnn.biz> ha scritto nel messaggio
> news:48e31ea3$0$41652$4fafbaef@reader4.news.tin.it ...
> > > "CatMan" <caffarone@timme.com> ha scritto nel messaggio
> > news:XZEEk.14466$Uo5.4046@tornado.fastwebnet.it...
> >> >> "* Jack * ~DueHammer~" <a_lavurà@cialtrùùnn.biz> ha scritto nel
messaggio
> >> news:48e31a91$0$41664$4fafbaef@reader4.news.tin.it ...
> >>> che cazzo gli frega a questi compreranno due rotative in più
> >> >> pensa pure Apuo se sta a organizzà
> >> > > rotfl per ora fà gli yen ma da na facciata sola
> > se stà a perfezionà però :-)
> No...no...m'ha già mandato il facsimile.....le fa' tutt'e due!
> http://i34.tinypic.com/1z4cn5l.jpg
.... ti è andata bene! ... a me ha mandato questi come rimborso per la
consulenza! ...
* Jack * ~DueHammer~ ha scritto:
> "CatMan" <caffarone@timme.com> ha scritto nel messaggio
> news:XZEEk.14466$Uo5.4046@tornado.fastwebnet.it...
>> "* Jack * ~DueHammer~" <a_lavurà@cialtrùùnn.biz> ha scritto nel messaggio
>> news:48e31a91$0$41664$4fafbaef@reader4.news.tin.it ...
>>> che cazzo gli frega a questi compreranno due rotative in più
>> pensa pure Apuo se sta a organizzà
>> rotfl per ora fà gli yen ma da na facciata sola
> se stà a perfezionà però :-)
E te credo!
Su due me costa il doppio!
"apuo" <apuone@tim.it> ha scritto nel messaggio
news:XoFEk.72957$Ca.19699@twister2.libero.it...
>* Jack * ~DueHammer~ ha scritto:
>> "CatMan" <caffarone@timme.com> ha scritto nel messaggio
>> news:XZEEk.14466$Uo5.4046@tornado.fastwebnet.it...
>>> "* Jack * ~DueHammer~" <a_lavurà@cialtrùùnn.biz> ha scritto nel
>>> messaggio news:48e31a91$0$41664$4fafbaef@reader4.news.tin.it ...
>>>> che cazzo gli frega a questi compreranno due rotative in più
>>> pensa pure Apuo se sta a organizzà
>>>>> rotfl per ora fà gli yen ma da na facciata sola
>> se stà a perfezionà però :-)
> E te credo!
> Su due me costa il doppio!
Committee on Finance, U.S. Senate
l'orsotoro®: Testimony of Chairman Alan Greenspan
China
Committee on Finance, U.S. Senate
June 23, 2005
Mr. Chairman and members of the Committee, I am pleased to be here today to
offer my views on China's...
Borsa
14
23-06-2005 23.53.50
http://www.senate.gov/index.htm
l'orsotoro®: Nell'indirizzo in oggetto non ci sono news............per questo è ancora
più preoccupante.....
Inoltre stavo parlando con apuo propio di probabili attacchi
terroristici......
x carca: Ho...