Speaker of the House Nancy Pelosi said Thursday that financial markets can rest assured that Congress will act on the White House plan to buy up to $700 billion in toxic debt. Pelosi said the exact timing of the House vote would depend on the outcome of closed-door meetings currently underway on Capitol Hill.

Watch your elected officials vote with their wallets.

Japanese banks seem happy to buy up distressed US banks without the bailout - let the market do its job.