EU, US Call For A Global Summit To Reshape Banking

By Aoife White, Associated Press

The Group of Eight major industrial nations announced Wednesday they will hold a global summit – perhaps as early as November in New York – to forge common action to prevent another economic meltdown.
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Bailout action moving at brisk pace

As Treasury plan accelerates, chances increase that Congress may soon vote on releasing rest of $700B.
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Republican Liberty Caucus issues formal statement on bailout plan

“NO Bailout for Failure, NO Rescue from Risk,” says Republican Group

Thousand Oaks, CA – A national caucus of Republican activists has urged GOP legislators to stand firm against the “Paulson Bailout” of a corrupt financial regulatory system. “This proposal is a government takeover of the entire U.S. economy,” says Republican Liberty Caucus Chairman William Westmiller, “whose only purpose is to rescue those who made risky bets on bad mortgages.”
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