The bill pending before the House of Representatives was defeated on Monday, 09.29.08, but some sort of relief similar to that bill, "The Emergency Economic Stablization Act of 2008," is still anticipated in Washington. See Joel Achenbach and Ashley Surdin, "For Many Americans, Fear And Distrust Run High" (Washington Post Online, Tuesday, September 30, 2008).
In the meantime, I briefly reviewed the 110-page pdf of the defeated bill, looking for an authorization for the Federal Government to take over Insurance Regulation, as I posted yesterday that I intended to do. I found no authorization in the defeated bill. Time will tell.
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