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 financial bailout, spooking investors who fear for the future of global markets and the U.S. economy.

Stock Funds Shed Additional $19.47 Bil (Investor's Business Daily)
Investor's Business Daily - Investor flight from stock funds continued in August, but at a slower pace. Investors pulled out $19.47 billion. That was down from the $27.37 billion they yanked out in July.

Dow posts record point drop as House rejects bailout (Reuters)
Reuters - Stocks plunged on Monday in their biggest decline ever after U.S. lawmakers unexpectedly rejected a $700 billion financial bailout, spooking investors who fear for the future of global markets and the U.S. economy.

Dow dives 777 points after financial rescue fails (AP)
AP - The failure of the bailout package in Congress literally dropped jaws on Wall Street and triggered a historic selloff 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 and the Bush administration scrambling to pick up the pieces. The Dow Jones industrials plunged nearly 800 points, the most ever for a single day.

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