Billions more needed for financial rescue

dO YOU KNOW THAT 750 BILLION DOLLAR BAILOUT CAN NOT FULFIL OUR REQUIREMENTS. WE NEED MORE AND MORE.

The Obama administration is developing proposals to help rescue the banking system that could cost taxpayers hundreds of billions of dollars beyond the $700 billion bailout Congress already has approved.
Details are still being worked out. But the administration is looking to spend hundreds of billions more to address the foreclosure crisis, help banks get out from under weighty bad assets and expand liquidity programs.
Looming above these is a proposal to set up a federal bank — dubbed a "bad bank" — that would buy troubled assets clogging financial institutions' balance sheets. This would free the institutions to lend money and would entice wary investors back into the market, proponents say.