Black Monday...

Black Monday...

in.ibtimes. com

The US House of Representatives on Monday defeated a $700 billion financial sector emergency bailout plan, sending the already weakened Wall Street tumbling.

The House voted 228-205 against the plan, ignoring urgent pleas from President Bush and congressional leaders of both parties that the economy could nosedive into recession without it.

(visit the link for the full news article)


Related News Links:
ap.google.com
thehill.com
www.iht.com
www.bloomberg.com

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I understand that the vote has already been posted, but I wanted to discuss the implications of a Black Monday. Similar to the famous Black Tuesday crash of 1929.

The US economy has not even fealt the full effect of the banking crisis that is still on-going. Will this day be remembered as Black Monday?

in.ibtimes. com
(visit the link for the full news article)

[edit on 9/29/2008 by Choronzon]

History in the making. We're on the rollercoaster now!

Oh crap, the track is broken!!

Please add to existing discussion

Here