Post by CMF Newsman on Sept 27, 2008 9:22:25 GMT -5
WASHINGTON - President Bush says he's confident that Congress will pass a financial bailout bill very soon.
He says the $700 billion rescue plan being negotiated on Capitol Hill this weekend is aimed not at Wall Street but Main Street.
The president says in his Saturday radio address to the nation that he knows many people are frustrated by the economic situation. He says that when the government asks taxpayers to pay for Wall Street's mistakes, it doesn't seem fair.
And he says if it were possible to let every irresponsible Wall Street firm fail without affecting Americans and their families, he would do it. But Bush says that is not possible in the current situation.
news.yahoo.com/s/ap/20080927/ap_on_bi_ge/financial_meltdown;_ylt=AqkZJbbUXkQBcYn5CL_RLhoDW7oF