10/03/2008

Or join the world's major central banks cut interest rates

U.S. government 700,000,000,000 U.S. dollars rescue package abortion drama programs, shocked the world, an alarming decline in the Dow, the world's financial markets into a panic and confusion. According to Hong Kong, "Wen Wei Po" integrated foreign reports, the U.S. government, the leaders of the two parties and two parties and 30 presidential candidates hope to be able to re-bill package passed as soon as possible, the stability of global financial markets. House of Representatives to the United States to the fastest time Thursday in order to vote on the new program, 30, U.S. President George W. Bush made a televised speech that "now in critical condition, worse, if it is not timely, economic difficulties will be long and painful." Bush also national and global commitments, this is not the end of the legislative process, this week to rescue the market will continue to implement the program. The White House said the two parties presidential candidate Barack Obama and John McCain called George W. Bush, the White House dialogue between two "very constructive." Ao Mai Chang with by the Deposit Protection Although there is hope that the leaders of the House of Representatives to re-draft, but is generally considered that this was a waste of time, would not be desirable. Democratic presidential candidate Barack Obama said on the 30th, members should not be re-draft the program should be some slight modifications, such as federal deposit protection by the amount of 100,000 U.S. dollars to 250,000 U.S. dollars to upgrade and strengthen the banking system in the United States, to restore the public's financial system Confidence. Republican presidential candidate John McCain of respondents also put forward the same proposal. At the same time, Obama warned that, if we do not take timely action for the U.S. economy and American families have disastrous consequences. It is reported that House Democrats have two options, namely, amending the program to attract more Republican support, but that may divide the Democratic Party votes; another option is to give up the fight for the cross-party support, re-draft the program to include more assistance Terms of the owners, to bypass the House of Representatives, the Senate passed directly in the program. However, House Speaker Pelosi has always emphasized the need for cooperation between the two parties through this highly controversial bill, and now is widely accused of the stock market collapse of the Republican Party, the Democratic Party to take the second approach is very low. Members setback in the stock market forced into submission BMO Capital Markets analyst Busch said that the sharp reaction in financial markets may be pressured to make up. Busch said: "The stock market crash, the leaders of the two parties will find the remedy, the city is expected to save the program will be referred to another form of the National Assembly. Now the two parties should know that failure to take action, Wall Street's reaction will be fast How deep. "

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