Bailout Plan Rejected! Stock Market Plummet!
Dow plummets record 777 as financial rescue fails (AP) AP - The failure of the bailout package in Congress literally dropped jaws on Wall Street and triggered a historic sell off including a terrifying decline of nearly 500 points in mere minutes as the vote took place, the closest thing to panic the stock market has seen in years. House rejects $700B bailout in stunning defeat (AP) AP - In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, leaving both parties' lawmakers and the Bush administration scrambling to pick up the pieces. Dismayed investors sent the Dow Jones industrials plunging nearly 800 points, the most ever for a single day. Dow sets record point drop as House rejects bailout (Reuters) Reuters - The Dow industrials plunged on Monday in their biggest decline ever after U.S. lawmakers unexpectedly rejected a $700 billion
