[IWE] First try at bailout fails in Congress

Mon, 29 Sep 2008 11:36:34 -0700 (PDT)

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http://money.cnn.com/2008/09/29/news/economy/bailout/index.htm?cnn=yes
>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.
Lots of arm turning, but they still came up 13 votes short. The Dow Jones average
dropped hard on the news. It's been down 200 or more all day, and is down 500
right now.

What happens now is an open question. More negotiation, but what the
result will be is hard to say. Significant groups of both Democrats and
Republicans don't like the bill, but there are a lot of opinions on why.

Jay

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<html><head><style type="text/css"></style></head><body><div style="font-family:times new roman,new york,times,serif;font-size:12pt"><div>http://money.cnn.com/2008/09/29/news/economy/bailout/index.htm?cnn=yes<br>&gt;The fate of the Bush administration's $700 billion financial bailout
plan<br>&gt;was abruptly thrown in doubt Monday as a House vote turned<br>&gt;against
the controversial measure.<br>Lots of arm turning, but they still came up 13 votes short. The Dow Jones average<br>dropped hard on the news. It's been down 200 or more all day, and is down 500<br>right now.<br><br>What happens now is an open question. More negotiation, but what the<br>result will be is hard to say. Significant groups of both Democrats and<br>Republicans don't like the bill, but there are a lot of opinions on why.<br><br>Jay<br><br></div></div><br>

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