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Political Turmoil as House Rejects Bailout All of the political leaders blessed the deal, but the House of Representatives spit it out anyway. The Wall Street bailout is so odious to public opinion, the "people's house" rejected it today, 228-205. The fever chart in Wall Street--better known as the stock market--swooned instantly, with the Dow falling 700 points. The political bedlam in Washington is as real as it gets. Posted in Economy/Trade, Politics, Bailout

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Political Turmoil as House Rejects Bailout

All of the political leaders blessed the deal, but the House of Representatives spit it out anyway. The Wall Street bailout is so odious to public opinion, the "people's house" rejected it today, 228-205. The fever chart in Wall Street--better known as the stock market--swooned instantly, with the Dow falling 700 points. The political bedlam in Washington is as real as it gets.

Posted in Economy/Trade, Politics, Bailout