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)







Channel: News
Uploaded: September 30, 2008 at 12:01 am
Author: AssociatedPress

Length: 00:02:13
Rating: 4.38
Views: 2440

Tags: fall fails street bailout historic wall stocks plan

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konman001 (October 10, 2008 at 3:43 am)
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 (October 5, 2008 at 1:47 pm)
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 (October 5, 2008 at 1:40 pm)
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 (October 4, 2008 at 6:28 pm)
Associated Press, where is the report of the market imploding after the bailout bill passed?

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