Week of 9.26.08
Behind the Bailout
More From NOW: Behind the Bailout | Q & A: Your Personal Finances | Interview: David Cay Johnston | Feedback Forum | Transcript
The government's historic proposal to bail out the U.S. banking system is raising as many questions as it is offering solutions. Some in Congress are warning against reacting too quickly; others want conditions that protect homeowners, increase oversight, and limit the compensation of corporate executives.
Video: Behind the Bailout
But the number one question on the minds of Americans: How will this affect me? This week, NOW on PBS goes inside the round-the-clock efforts in Washington to craft a bailout plan of monumental proportions.
NOW's cameras follow Damon Silvers, an associate general counsel at the AFL-CIO, the nation's largest federation of labor unions, as he works to get help for working Americans in addition to bailing out financial firms in distress. Silvers, an architect of the major provisions Congressional Democrats are pushing for in the bill, provides key insight on the stake ordinary working Americans have in the fate of this proposal, and on what comes next.
Business Week: How World Growth Will Withstand the U.S. Recession
BBC: The layman's finance crisis glossary
The Economist: The financial crisis and the
Public Markup, a project from the Sunlight Foundation, offers citizens the opportunity to review and comment on proposed bills. Review or comment on Sen. Dodd's Proposal
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