US Presidential Bailout Meeting

For few days US Capitol Hill is one of the busiest and highly focussed place in the World. Everybody is waiting for the decision on the massive bailout package of 700Bn$. Though inspite of the initial hiccups most of the Cabinet members have given their consent on the bailout package, but before making one of the crucuial decsion of his life, US President called members of the cabinet and future presidential candidates Mr. John Mcain and Mr. Barack Obama, to have their final consent on this issue.

Though disbursement amount and purpose is already been decided, but US treasury and Federal Reserve, still have to work on the underlying disbursement framework. Some Industry specialist are saying that Govt. will buy the bad debts of the ailing bank, and will hold it till maturity, while others are saying Govt. should demand equity rights in the assets of the banks.

Lets wait for the outcome of the US Presidential bailout meeting.

Thanks&Regards/Liebe Gruss,

Mohit Kumar