Breitbart, “Bailout deal breaks down; Bernanke back to Capitol”
WASHINGTON (AP) – Urgent efforts to lash together a $700 billion rescue plan for the national economy broke apart Thursday night, hours after key lawmakers had declared they had reached a deal.
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke sped to Capitol Hill to try to revive or rework the proposal that the administration says must be quickly approved by Congress to stave off economic disaster.
Congressional leaders were to meet with the economic chiefs into the night.
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Rep. Barney Frank, the chairman of the House Financial Services Committee, has come up with a proposal to spend any TARP profits before they can be returned to the taxpayers. Last Friday, Frank introduced the "TARP for Main Street Act of 2009," a bill that would take profits from the program and immediately redirect them toward housing proposals favored by Frank and some fellow Democrats.
LTC said they discovered that 22 gigabytes of information was intentionally removed from that e-mail server on the day they started work on the project. They also found that Nagin's e-mails on the new server only started in February of this year. The other 58 e-mail boxes go back much further.
The California governor’s office says federal officials are threatening to seize six state parks if they are closed to help balance the state’s budget.
"The enemies were not able to reach their objectives for the soft overthrow of the system," he said, according to the semiofficial Iranian Labor News Agency, or ILNA. "The enemy is pursuing the objective of undermining the nation's capabilities after the 85% turnout at the polls."
oh god, i do not want to see the stock market tomorrow morning