From MarketWatch, “Senate approves $700 billion financial rescue plan.” Excerpt:
Wednesday morning, groups representing large and small businesses and retired persons urged the Senate and House to approve the legislation and kick-start the flow of credit. Leaders of the Business Roundtable, the National Federation of Independent Business and the AARP said that businesses and retirement savings are at risk without passage of the rescue package.“We need action now to protect jobs and homes and retirements,” commented Bill Novelli, the AARP’s chief executive. “People are calling in great fear because their 401(k)s are basically disappearing.”