The crap sandwhich, better knon as the bail-out bill passed the House today and was signed into law by the Presedent. In turn the stock market tumbled, Daniel Dombey et al, Financial Times [1]
:The US Congress on Friday passed the Bush administration’s $700bn financial rescue package after a tense week on Capitol Hill, but stocks fell sharply [2]afterwards amid continuing turmoil in the credit markets.
The 263-171 vote in the House of Representatives, which rejected an earlier proposal only four days before, came after $149bn in tax breaks was added to the bill to help sway reluctant legislators to back the plan
The initial reaction on Wall Street was negative. Maybe the insiders have read actual provisions of the sandwich.