Investing
Bailout: House Says No, Stock Market Wants Yes
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If Congress was worried that the bailout package was or wasn’t going to help, the failure out of the House of Representatives to pass the new bailout package just killed the stock market. As it stands right now, the tally came to 207 in favor and 226 votes against. Republican votes were 66 yes votes to 132 no votes. Democratic votes were 141 yes votes to 94 votes. The vote is still open to change so technically it isn’t on the funeral pyre yet. The vote is being kept open right now and votes can be changed. Until the gavel is hit, this result can be changed. Stocks briefly reached far worse levels than this snapshot at 1:55 PM EST.
DJIA 10,747.60 (-395.53; -3.55%)
NASDAQ 2,068.80 (-114.54; -5.25%)
S&P500 1,147.13 (-65.88; -5.43%)
10YR T-Bond 3.716% (-0.111%)
Jon C. Ogg
September 29, 2008
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