Lawmakers: Wall Street rescue accord reached | WHAT REALLY HAPPENED


Lawmakers: Wall Street rescue accord reached

It's over.. We just got flim-flammed. And this is just the first one.

WASHINGTON - Key Republicans and Democrats reported agreement in principle Thursday on a $700 billion bailout of the financial industry and said they would present it to the Bush administration in hopes of a vote within days.

Emerging from a two-hour negotiating session, Sen. Chris Dodd, D-Conn., the Banking Committee chairman said, “We are very confident that we can act expeditiously.”

“I now expect that we will indeed have a plan that can pass the House, pass the Senate (and) be signed by the president,” said Sen. Bob Bennett, R-Utah.

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