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WSJ: Bailout Agreement Reached

By on 9.25.08 @ 2:03PM

The basic structure:

Bailout bill would approve $700 billion fund, but would pay in installments, with $250 billion available immediately. Limits on "golden parachutes" and use of warrants would apply to all companies. Changes to bankruptcy laws still unresolved.

topics:
Law

About the Author

Philip Klein is The American Spectator's Washington correspondent. You can follow him on Twitter at: http://twitter.com/Philipaklein

http://spectator.org/blog/2008/09/25/wsj-bailout-agreement-reached

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