The Dow is down 777+ points ($1.1 trillion in market value) today as I write this as the bailout bill failed the House of Representatives. Of course, I’m in no place to write at the moment, so here are some links:
- Stocks, Oil Plunge After Congress Rejects Bailout; Bonds Rise (Bloomberg.com)
- Yes, Virginia, this is a crash (The Big Picture)
- Bailout Bill Fails in House Vote Amid Defections in Both Parties (wsj.com)
- Wow, the Mother of All Bailouts Failed to Pass the House (Further Update: Carnage Assessments) (nakedcapitalism.com)
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