- The US Government will insure $2 TRILLION of money market funds. The Fed came in to assist by loaning money to troubled funds to help them not "break the buck."
- Federal Reserve will take on about half a trillion ($500 BILLION) of bad debt
- Government made it illegal to short financial stocks on a list.
- President Bush, Congress (Senate and House of Reps) and the Federal Reserve are united in saying a tax payer sponsored bailout is better than a financial collapse.