Bailout Bill Fails, Market Too

Jonathan Garthwaite
|
Posted: Sep 29, 2008 2:19 PM
The bailout bill failed with only 205 votes.  The market is down over 500 points currently.   There will be some serious negotiations going on to get this bill enough votes to pass.   The DOW being down 684 points at one point might be the motivation needed.

There are two groups to watch.

Conservative Republicans who will agree to vote for the bailout IF more free market elements are put in the bill.

Liberal Democrats who will agree to vote for the bailout IF more government takeovers of the free marketing are inserted.