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| Poll: Sole bailout beneficiary, Wall Street |
| 2008-10-20 |
| The $700 billion rescue plan for the US financial system is only aims to protect the interests of Wall Street titans, a poll suggests. Sixty-nine percent of some 8,672 respondents to an online Press TV poll said the Bush administration's bailout plan would prove unsuccessful, as it is a fundamentally flawed measure aimed at serving the financial interests of Wall Street giants. The poll indicates that a mere 7.7 percent believe that the bailout plan would help prop up the US financial system. Some 23 percent, however, maintain that the American capitalism is on the ropes, adding that no financial plan could rescue the US economy. Earlier in October, the US Congress adopted a massive bailout package to address the financial tsunami, in a move believed to be the most expensive government financial intervention in history. "The government Intervention is not a government takeover," President George W. Bush said on Friday. Uncertainty over the efficiency of the program, however, has caused wild gyrations on US stock markets as fears are running high that the plan would set the stage for a wider financial crisis. |
| Posted by:Fred |
| #2 |
| Posted by: Ulusoling Hatfield4645 2008-10-20 08:15 |
| #1 |
| Posted by: Bobby 2008-10-20 06:02 |