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February 9, 2009

Bailout Package Reworked

Investors and citizens are waiting for Washington to make the next move. The stock market is awaiting a Tuesday speech by Treasury Secretary Timothy Geithner outlining President Barack Obama's newest plan to overhaul the government's $700 billion plus financial bailout package. Congress, after being preassured for what was thought to be the easy fix, passed the measure last fall as the credit markets began to seize up on fears about rising levels of bad debt.

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