House Rejects Bailout Package, 228-205; Stocks Plunge

Headlines from the New York Times:
House Rejects Bailout Package, 228-205; Stocks Plunge
Did we think that if it did not pass that it would throw the Stock Market in a twirl? Of course we did that is the nature of the Stock Market. Look on the bright side of this, oil prices are falling in record numbers! Why all of sudden have they dropped so fast is a question to ask yourself? Here is something right off of the New York Times Headlines:
Oil Falls Sharply on Renewed Economic Fears
By JAD MOUAWAD 30 minutes ago
Crude oil futures fell $9.13 to $97.76 a barrel. They have lost more than $20 since last Monday.
I am adding these Headlines from The New York Times because they are very important for us to look at current time.
Dow Falls More Than 500 Points
By MICHAEL M. GRYNBAUM 7 minutes ago
The drop reinforced the fear coursing through Wall Street as investors wondered whether the bailout plan would eventually pass Congress.
Lehman to Sell Neuberger Unit for $2.15 Billion 12:31 PM ET
Ruth Fremson/The New York Times

Senator Barack Obama in Claremont, N.H. He told his supporters not to grow complacent, even as new polls show him in the lead.-->

Citigroup Buys Bank Operations of Wachovia
By ERIC DASH and ANDREW ROSS SORKIN 12:13 PM ET
The sale would further concentrate Americans’ bank deposits in the hands of just three banks: Bank of America, JPMorgan Chase and Citigroup.
Times Topics: Citigroup Wachovia
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House Rejects Bailout Package, 228-205; Stocks Plunge
Leaders Fail to Convert Opponents
By CARL HULSE and DAVID M. HERSZENHORN 44 minutes ago
In a moment of historic drama in the Capitol and on Wall Street, the House of Representatives voted on Monday to reject a $700 billion rescue of the financial industry.
Roll Call
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I hope everyone reads more on these Headlines from The New York Times.
I have added a link to a video of the vote just click here.
here is another very important video to view. CLICK HERE!
Obama with a video before the vote came about. CLICK HERE!