Title: DOW Tanks after Bailout Fails
Tags: bailout fails, dow
Blog Entry: Ok, this isnt gaming news but is very important to all our users. The bailout proposed by the bush administration has recently been rejected by the house of representatives. Investors who had been counting on the rescue plan's passage sent the Dow Jones industrial average down as much as 700 points while watching the measure come up short. The stock gauge closed 777 points lower - nearly 7%. The measure, which is designed to get battered U.S. credit markets working normally again, needed 218 votes for passage. But it came up 13 votes short of that target, as the final vote was 228 to 205 against. Two thirds of Democrats and one third of Republicans voted for the measure. What's next? We will see.
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