From the category archives:

news

Wall Street Makes Early Gains On Hearing Fed Plan to Buy Debt

October 7, 2008

photo credit: Ross C.
The fed made a move today to help unclog the credit markets, and the stock market has shown some early gains, moving back over 10,000 to start the day:
Wall Street is moderately higher in early trading, with investors encouraged by a Federal Reserve plan to buy massive amounts of short-term debt [...]

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House Passes $700 Billion Bailout Bill

October 3, 2008

photo credit: bgilliard
After going down to defeat earlier in the week in the House, the second version of the bailout bill was passed today without a problem:
The House of Representatives passed a sweeping, $700 billion economic rescue package after reconsidering the measure it failed to green-light earlier this week. The vote was 263 to [...]

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Lost In Bailout Talk: Second Stimulus Check is Dead On Arrival

October 2, 2008

photo credit: Daquella manera
The last couple of weeks we have seen a lot of news about our struggling economy, bailouts of troubled financial companies and buyouts of their their troubled assets.  This news is important, and it’s obvious we need to be talking about it.
One thing that has been lost in all of this [...]

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Senate OKs $700B bailout

October 2, 2008

photo credit: Wolfgang Staudt
A few days after the House rejected a similar $700 billion bailout plan, the Senate on Wednesday gave approval to a similar but slightly different bailout plan.  The new plan which now includes several other measures meant to sweeten the pot and bring some members who previously voted the plan down [...]

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September Site Numbers and Recap

October 2, 2008

Looking back at September 2008

September was another banner month here at Bible Money Matters.  Our numbers continued to increase as we passed 75,000 visitors and 134,000 page views all time.  Our RSS subscribers passed 400 for the first time In September.  On top of that we moved up to number 40 on Fire Finance’s top [...]

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Bankruptcy, Not Bailout?

October 1, 2008

photo credit: kevindooley
I have been reading a lot of opinions on whether or not a bailout measure is a good idea, and there are a lot of differing viewpoints on the subject.  Many are saying that if we don’t come up with a bailout package, that the economy will crash because of the lack [...]

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House Defeats $700B Financial Markets Bailout

September 29, 2008

I was eating my lunch this afternoon when I saw something that surprised me. The $700 billion bailout package moving through congress was defeated by the house today. I can’t say I think the bailout package is a great idea, but I am surprised that it didn’t pass:
The House on Monday defeated a [...]

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I Guess I Spoke Too Soon!? No Deal on $700 Billion Bailout.. Yet.

September 26, 2008

photo credit: Zesmerelda
Yesterday I posted the news that we had all been waiting to hear. Congress had finally come to an agreement and had settled on a bailout deal to help jump-start our faltering markets. The price tag? A mere $700 billion dollars.
At the announcement of proposed deal the Dow Jones industrials [...]

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$700 Billion Bailout Agreement Reached

September 25, 2008

photo credit: Jeff Belmonte
It sounds like congressional Democrats and Republicans have reached an agreement today on a possible bailout plan, that it is hoped will bolster our faltering economy.  From the AP:

Warned that time was running short to bolster the distressed economy, congressional Republicans and Democrats reported agreement in principle Thursday on a bailout [...]

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