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Sep 23 2008 2:23pm EDT
Are Prospects for Quick Passage of Bailout Dimming?
With the 4+ hour testimony of Henry Paulson, Ben Bernanke (and James Lockhart and Chris Cox) to the Senate Banking Committee just finished, some signs that the Senators weren't happy with what they heard.
On Bloomberg, Kentucky's Jim Bunning said the bill "won't pass the Senate as it is constructed."
On CNBC, New York's Chuck Schumer said Paulson will have to modify the plan significantly.
Traders on Intrade, where a contract on the passage of a Congressional bailout of banks by September 30 opened today, are a bit more optimistic, giving a 62.5 percent chance for a resolution.
