Stocks Take Historic Fall As Bailout Plan Fails

Wall Street's worst fears came to pass Monday, when the government's financial rescue plan failed in Congress and stocks plunged precipitously. The almost 780-point decline was the largest one-day point drop ever for the index. (Sept. 29)

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News & Politics

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• wall
• street
• stocks
• historic
• fall
• bailout
• plan
• fails

[marissacalderon]

They can sit there and waste the American peoples time with the blame game, I am not buying it. This is a great day for American citizens. Fuck the crooks on wall street. Fuck the greedy bankers. Fuck the American people who also put us in this mess by using their credit cards excessively and buying bad loans. Let them pay for their shit, not the honest people who pay their bills and their taxes. Fuck Obama AND McCain for wanting to pass a bill without any hearings or analyst opinions!

[BillSalem]

More Republican horse hockey! "Ya'll live within your means, hear?" Spare us the sermon.

How about the people who have been saving, brown bagging their lunches to put a few more bucks in their 401K??? So now their savings go down the crapper because the bankers and CEO's making obscene salaries have run this entire enterprise into the ground.

Hereafter, we will have regulation and oversight that will make Phil Gramm's head explode. No banker will be trusted anywhere near money.

[marceads]

Where is Barney Frank? I sure would feel better if his fat ass would waddle out and reassure us again. Nancy Pelosi should gather up the tablecloth that she wore for the last president's address and hole up back under the rock that she was spawned under. What a regular bunch of misfits we have working for us now. The next immigration crisis will be people with average IQ's or better fleeing from the US to Canada. Wake up people...the wolves are in the henhouse.

[Rcoxx4u]

America you're DONE!

[konman001]

Stock market yesterday dropped almost 700 points (about 7 percent) which accounts for roughly $879 billion in investments (more than the 700 billion dollar bailout proposed by Bush IN A SINGLE DAY). Japan, though, took even a worse beating....it lost over 900 points which accounts for roughly 12% of the stock value (vs 7% in USA).

[IronJustice08]

How about this for a "bail out plan"

Since 700 billion is the total compensation of bonuses and parachute packages rewarded to these CEOs who caused this, I sign a law that every nickel is returned to cover this. Sell their assests, retirements, 401k, savings in exchange for a lighter jail sentence. The only difference between those swine and the Gambino crew is they ran banks and lending institutions.

[IronJustice08]

guitardude-in short, without the assistance of the "ordinary tax" payer dishing out another handout, how else will these buffoons continue to be irresponsible? God forbid wallstreet crashed and the rich share a cardboard box to live in with the rest us us "ordinary people" they have been screwing for decades-hope that helps.

[zupf]

Associated Press, where is the report of the market imploding after the bailout bill passed?

[chuckp12]

my bad...800 billion...not 85...I must've been preoccupied with what my taxes would be if Obama were elected.;-)

[solisjose1910]

this was masterplaned years ago when when G.W.Bush grandfather(US senator Prescott Bush) was buissiness partner with hitler all leading to a one world goverment.they have think tanks that study ways to make a one world goverment.