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French President Sarkozy May Look to Propose European-Wide Bailout Plan

While the world waits to see what the U.S. House of Representatives will do about the proposed $700 billion bailout plan, European countries have quickly moved to stop the bleeding by enacting a series of their own bailouts. On Wednesday, the U.S. Senate passed a revised version of the bailout bill by a 74-25 vote that included raising the FDIC insurance limit in an effort to win the House's approval. The House is expected to vote on the bill by Friday. Hoping to sharpen Europe's role... Full Story
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