By and and  on September 26, 2008

What a difference the promise of a few hundred billion dollars can make.

Retail stocks surged Thursday as Congressional leaders signaled a multibillion-dollar mortgage bailout was indeed on the way to passage, the President and finally Wall Street. The Beltway gridlock broke less than a day after President Bush appealed to the nation in prime time, saying the need to buy up the toxic mortgage debt gumming up the financial system was dire.

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