Wall Street Doesn’t Like The Bailout
By
robert108
on October 3, 2008 at 12:26 pm
Before the bill passed the House, the market was up about 250 points; minutes after it was announced that the bill had passed, the market started falling, and closed down almost 160 points. By my math, passage of this bill caused the market to fall over 400 points. With all the propaganda about how Wall Street is responsible for this “meltdown”, why aren’t they happy about being “bailed out”?
The only people smiling about this are Nancy and company, the most incompetent Congress in history.
