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Economic news - CNNMoney.com Updated : Paulson taps bailout chief The Treasury Department on Monday sought to answer the first of many questions surrounding how it will implement the $700 billion financial rescue plan. Publ.Date: Mon, 06 Oct 2008 17:32:25 EDT Source: CNN.com How to build a better bailout Not that the folks at the Treasury and the White House are asking, but if I were in charge of the $700 billion bailout of the financial system - and yes, it's a bailout, because it involves paying more for toxic assets than non-government buyers would pay - I'd have the Treasury run out today and borrow $700 billion before the financial world comes to its senses. Publ.Date: Mon, 06 Oct 2008 16:22:54 EDT Source: CNN.com G-7 unsuited to global crisis - World Bank Read full story for latest details. Publ.Date: Mon, 06 Oct 2008 14:45:01 EDT Source: CNN.com EU shapes bank rescue strategy Read full story for latest details. Publ.Date: Mon, 06 Oct 2008 09:27:45 EDT Source: CNN.com Financial system needs reform A lack of appropriate and necessary banking regulation by governments around the globe led to the current economic crisis, according to a report by a body of leading economists and experts released Monday. Publ.Date: Mon, 06 Oct 2008 12:30:20 EDT Source: CNN.com

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