Professors write in on $700 bil. bailout package
In the past week, 11 Penn faculty members joined hundreds of economics professors from around the country in writing to Congress to express their opinions on the $700 billion bailout bill the Senate passed last night. This package -- a revision of which was defeated in the House of Representatives on Sunday - proposed a rescue plan in which the government would buy the bad assets of several financial institutions in order to stem the recent financial turmoil.








