Summary
REDLANDS - In the largest closing point drop in history, the Dow Jones industrial average closed down 777.68 points after the House of Representatives rejected the $700 billion bailout proposal Monday morning.
With a vote of 228-205, the House denied the biggest government intervention into the country's financial markets since the Great Depression and the resulting drop in the stock markets were enormous.See the full content of this document
Extract
Dow Drops 777 After Bailout Fails
The Dow Jones fell nearly 7 percent and the NASDAQ and Standard & Poor's 500-stock index each lost about 9 percent.
Democrats and Republicans are pointing fingers at each other as to who is to blame, and while there is talk of revising the bailout plan, no one knows how or when it will be done.And wit...See the full content of this document
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