The Senate has just approved the bailout of the McCain campaign. The 700 million takeover was introduced to the Senate as an amendment of Mental Health Bill S. 76203, and was approved by a 98-0 majority.
Intrade markets reacted with a sudden jump of PRES.REP08 by over 10 points. "Now it is up to the house to act", said an anonymous intrader, and warned: "The market is monitoring the events closely."
"It is outrageous, millions all around the country invest their time and donations into the campaign, and then those guys in Washington just screw it up", said Lindsey Graham, R-SC in his remarks before the vote. "The least we can do is make sure Rick Davis does not get to leave with a golden parachute", said Carla Fiorina in an CNN interview, who is likely to be apppointed as new CiC (candidate in charge) before end of this week. "It is unfortunate, but what got us into this mess is the Clinton-Feingold campaign finance overregulation."
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