U.S. lawmakers fail to make progress on the eve of the largest bank failure in U.S. history |
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- A Republican counterproposal stalled efforts to put together a bailout package, an unexpected turnaround on a day that had seemed headed for a successful deal. Looking tired and annoyed, Senator Dodd, chairman of the Senate Banking Committee, complained that late complications looked more like "a rescue plan for John McCain" than one for the country's financial system. It does no good, Mr. Dodd said, "to be distracted for two or three hours by political theater". U.S. stock futures traded
Filed under: Fundamental
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