Wall St. may reject bailout!

Wall Street investment firms and banks may end up refusing to partake in the government bailout, choosing to ride out the storm of the recession the nation finds itself in.  Apparently, they don't particularly like the idea about executive pay limitations. Really? I wonder why. Heh. Next we will see President Bush calling for Congress to pass an amendment to the bill striking out the pay limit provisions.

Source: Guardian.co.uk

Senate passes bailout bill. Mmmmm delicious earmarks.

The Senate passed its own version of the wall street bailout earlier tonight, it include such gems as:

• An "Exemption from excise tax for certain wooden arrows designed for use by children."
• An earmark for auto racing.
• An earmark for wool research.
• An "increase in limit on cover over of rum excise tax to Puerto Rico and the Virgin Islands."