The Senator from Nevada, last night: "We don't have a lot of leeway on time. One of the individuals in the caucus today talked about a major insurance company -- a major insurance company -- one with a name that everyone knows that's on the verge of going bankrupt. That's what this is all about."
* METLIFE CREDIT SWAPS CLIMB 97 BPS TO 583 BPS, C
* PRUDENTIAL CREDIT SWAPS JUMP 125 BPS TO 617 BPS
* HARTFORD CREDIT SWAPS CLIMB 165 BPS TO 675 BPS
May we suggest, since Congress is in a prevention kind of mood:
AMENDMENT NO. _______
Calendar No. _________
Purpose: To silence Harry Reid during times of crisis, war, when Congress is in session, and such other times as may be deemed necessary and expedient.
IN THE SENATE OF THE UNITED STATES--110th Cong., 2d Sess.
H. R. 3997