Washington said no dice. Wall Street panicked and said no way. And the failure to pass a $700-billion bailout took more than 500 points off the Dow early this afternoon.The vote was expected to be close, but somehow nobody really expected the U.S. House to slap Wall Street so fast and so hard – especially when supposedly this is the plan that is needed to save the U.S. economy from the threat of a serious recession. No one expected the deal to fall apart, unless they focused on the fact that this is a big election year and lots of voters don’t like Wall Street at all.
http://www.freep.com/apps/pbcs.dll/article?AID=/20080929/NEWS07/80929055/1007/NEWS05
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