Bailout bill defeated, stocks plunge
Posted on September 30, 2008
Filed Under 365Gay, News
(Washington) The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.
Stocks plummeted on Wall Street even before the 228-205 vote to reject the bill was announced on the House floor.
When the …
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