A bipartisan group of U.S. House lawmakers defeated a $700 billion rescue plan for Wall Street on Monday, rejecting pleas from the Bush administration and congressional leaders from both parties.
The 205-228 vote against the plan sent stocks plummeting, with the Dow Jones Industrial Average down around 500 points as news of the vote spread through Wall Street.
Okay, back to making ads. Someone’s got to grow this economy.
[UPDATE] The Dow closed down 788 points today, the worst single-day point loss ever. However, the percentage drop did NOT rank in the top ten for worst ever.