The U.S. Senate endorsed the $700 million bailout plan by a margin of 74 to 25 in favor. Here are some of the highlights of the Senate Approved Plan as reported in the October 2, 2008 Wall Street Journal (Page A3):
“Like the deal rejected by the House, the Senate bill includes:
$700 BILLION FOR BAD ASSETS: $250 billion immediately, $100 billion on Treasury Secretary’s request $350 billion subject to congressional joint resolution.
Criminal Law Library Blog

