Thursday, October 2, 2008

Crisis control fit for the TV age

By Julian Delasantellis

The millionaires in the US Senate, apparently moved by the prospect of having to actually live on their salary rather than their substantial investments, passed by a 75-24 vote a sweeter version of the Troubled Asset Relief Program (TARP) than the one that failed in the US House of Representatives on Monday, the rejection helping to drive the Dow Jones Industrial Average down 777 points.

The House is scheduled to once again vote on the proposal on Friday; perhaps enough previously recalcitrant arms have been twisted, bent, fractured and, if that doesn't work, ripped straight off the shoulders to obtain a passage vote there, as well.

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