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What will the government bailout mean for you?
The government's historic proposal to bail out the U.S. banking
system is raising as many questions as it is offering solutions.
Some in Congress are warning against reacting too quickly; others
want conditions that protect homeowners, increase oversight and
limit the compensation of corporate executives. But the number one
question on the minds of Americans: How will this affect me?
NOW ON PBS goes inside the round-the-clock efforts in
Washington to craft a bailout plan of historic dimensions.
NOW's cameras follow AFL-CIO associate general counsel Damon
Silvers as he works to get help for working Americans, in addition
to bailing out financial firms in distress. Silvers, an architect
of the major provisions Congressional Democrats are pushing for in
the bill, provides key insight on the stake ordinary working
Americans have in the fate of this proposal, and on what comes
next.