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Article Written on: Monday-September-29-2008 BuzzBoards Calendar Contact Advertise About
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US House Rejects Financial Bailout Plan, Dow Dismal


Written by: BayouBuzz Staff


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The US House of Representatives has defeated the bailout plan.  The bill did not pass in its current form.

 

Experts are saying that the bill could be brought back up for another vote in a different form but it is also possible for Congress to go home to campaign.  Meanwhile the Dow is down over 500 votes.

September 29, 2008 @ 1:17 pm

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Comments from BayouBuzz readers

Obama-ohshlamma, he is simply a parrot repeating what his handlers want him to... All in the pursuit of his 'journey of self-discovery' while all the delussional groupies line up for a chance to go along on his 'magic carpet ride'..... If he gets into office, you will then see the true nature of that sorry example of voter based intuition is....... And in the future you will look back upon the events of today as being the good old days................. Sort of scary when you really consider what is or what isn't at stake.......
Written by   on 9/30/2008
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This afternoon, responding to the economic crisis, the Obama campaign issued a statement calling for calm, encouraging lawmakers to keep working, and urging investors not to panic. The McCain campaign attacked Obama. It's a reminder that one can tell a lot about a person's character by how they respond to adversity
Written by MA on 9/29/2008
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And now for the credit crunch... Which of course means fewer purchases, which effects productivity, which I suppose will only hurt China so who really cares, but then again, maybe China will want some of the 1.5 Trillion we already owe them, do we give it to them, or do they give it to us? Questions questions questions.... Oh well folks, Merry Christmas!!!!!!!!!
Written by   on 9/29/2008
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What's next? Well.... where to start.... people will place much of their savings in safer more conservative stocks/bonds/money market accounts with a much smaller percentage in volatile stocks. Banks and other lending institutions will make sure potential borrowers have collateral and a means of income so that the loans can be paid back. Gosh... it's just like the end of the world...
Written by ... or maybe not. on 9/29/2008
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