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Bailout Plan Rejected: "The fate of the Bush administration's $700 billion financial bailout plan was abruptly thrown in doubt Monday as a House vote turned against the controversial measure."
(Via CNN Money.)
The DOW dropped 600 points (6%), the UK's version dropped 5.3% to the lowest point in three years.
I'm not sure if I like this or not as I haven't had time to read the entire 106 page final bill. However, the draft version appeared to have enough in it that I felt as comfortable as could be with it. After all, anything that comes out of Congress which no one likes (the Congressmen who wrote it) means that it's probably best of us.
It's when Congress is HAPPY with a bill that I know we citizens are getting it in the shorts.
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Economy, Financial, Government, Politics
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