Month of madness ends with bail-out rejection

In an extraordinary climax to an extraordinary month, the US Congress on September 29 voted against a $700 billion bail-out package proposed by the US Treasury to restore stability to the financial markets.

The House of Representatives voted 205 to 228 against the Emergency Economic Stabilisation Act (EESA) of 2008. The scheme would have granted the Treasury powers to issue up to $700 billion of securities to purchase troubled mortgages and other illiquid assets clogging up financial

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

ESRB narrows its macro-prudential tools

The European Systemic Risk Board is about to announce a slimmed-down list of potential macro-prudential tools, but who has the power to use them is still the subject of debate. By Michael Watt

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here