House Rejects Bailout For US Financial Markets

House Rejects Bailout For US Financial Markets

www.cnbc.com

The House rejected a $700 billion Wall Street bailout bill Monday that administration officials said was crucial to avoid a broad economic collapse.

Congressional leaders had predicted a close vote. The White House Monday said President Bush strongly supports the legislation.

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The bailout hasn't been passed, Dow currently down almost 500 points...supposedly they can hold the bill open for more votes, but I don't think it will pass. Republicans stepped up to the plate and voted against it...I wonder how much the market will end down today, the biggest point drop was on September 17th of 2001...today may surpass that.

www.cnbc.com
(visit the link for the full news article)

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