Daily Archives: October 3, 2008

House Approves Sweeping Financial Bailout Measure

No guarantee it will solve the financial crisis… by Glynn Wilson With the economy on the brink of collapse, the credit market on the verge of freezing, and the Nov. 4 election looming, the U.S. House of Representatives approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it…