In fact, the US government's largest rescue plan since the Great Depression has been opposed by most lawmakers, and many opponents hope to include their own recipes into the plan.

For example, the government should make profits from the banks it holds, and the government should limit the labor costs provided to banks that profit in the rescue plan, hoping that the bankruptcy ruling would allow the collateral creditors to lower mortgage interest rates.

In addition, there are also lawmakers who request that the government's financial regulation function should be comprehensively inspected and the Ministry of Finance should supervise the management of huge aid funds.

The Washington Post: The government’s rescue plan submitted to parliament will give the Treasury privileges that it can purchase non-performing assets from any financial institution over the next two years, whether the headquarters of these institutions are in the United States or not.

Meanwhile, the Treasury will be able to buy, sell, hold residential and commercial mortgages and these loans support claims without little congressional intervention.

"This is the largest amount and least restricted amount of money I have seen in my life," said Douglas Elmendorf, a famous economist at the Brookings Institution. "The Secretary of Finance can do whatever he wants and buy whatever he wants."

"The lawmakers won't agree that senior corporate officials will earn taxpayers' money. If we're going to pay for all the bad assets caused by these people's wrong decisions and let them leave with millions of dollars, it would be a big mistake. The American people won't allow this to happen, nor will it happen," said Barney Frank, a Republican.

But Treasury Secretary Paulson believes that if the rescue plan is not passed quickly, the U.S. banking system will face collapse.

He hopes to use government funds to acquire the assets of trapped banks at a low price, and hopes that once banks get out of trouble, they can start borrowing each other again to avoid the collapse of the US financial system.

Huge negative news came, giving the global financial market a blow!

The securities and foreign exchange trading markets in the United States and the United Kingdom have experienced price declines and selling again.

This has severely suppressed the US dollar exchange rate and pushed up commodity futures prices such as crude oil and gold.

Today, crude oil futures for October delivery on the New York Mercantile Exchange soared $16.37, or 15.7%, to close at $120.92 per barrel; intraday oil prices rose to $130 per barrel for the first time in two months. In US dollars, oil prices today created the largest single-day increase since 1984.

Gold futures prices rose by $44.30, or 5.1%, to close at $909 per ounce.

The consumer discretionary sector in the S&P 500 fell 5% due to soaring commodity futures prices.

The Dow Jones Industrial Average fell 372 points to 11,015 points, a drop of 3.27%.

Among the 30 Dow Jones Industrial Average stocks, 28 stocks fell.

The Nasdaq Composite Index fell 94 points to 2178 points, a drop of 4.17%.

The S&P 500 fell 47 points to 1,207. points, a drop of 3.82%.

Aig's share price plummeted 50% from $85 per share to $46 per share, a staggering decline of up to 45.9%

Washington Mutual Bank's share price fell from $3.00 per share to $1.50 per share, down 50%

Blackshirt Insurance Company shorted Aig Group's floating profit on the books was as high as US$1.71 billion.

Blackshirt Investment Bank shorted Washington Mutual Bank's floating profit on the books was as high as $180 million.

Sandep Batra of the Indian Industrial Trust Investment Bank, Nehru of India's private pension, and Ratan Tata of the Tata Consortium had just finished playing in a hotel. Seeing this scene, her face suddenly changed and her back was sweating coldly!

"Damn it!"

"Grass!!!"

"how so!"

··

Zhang Huiming, Qian Mingyuan, Jia Baowei and Jin Xu were shocked as they watched the US stock market plummet. The clothes on their backs were soaked and their whole bodies were trembling.

The four-person joint operation was carried out, and the Hang Seng Index was held with 60,000 lots, and the position was built at 19,950!

"Oh my God, the US stock market plummets, and then the Hong Kong stock market will plummet tomorrow morning."

"what to do?"

"It's over"

"Tomorrow, the Hang Seng Index in Hong Kong will definitely plummet, it's paralyzed!! Americans are going to starve to death, why don't they save the market yet!!!"
Chapter completed!