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A comment on $700bn Bailout is shot down by House of Rep Vote (205-228), US stock market plummets.

Re:$700bn Bailout is shot down by House of Rep Vote (205-228... by ctkrohn on Monday September 29, 2008 @09:28PM (#319155)
In their infinite wisdom, Congress decided to wipe out $1.2 trillion in market capitalization by not passing the plan, thus costing the economy $500 billion more than the bailout would have -- assuming the bailout would have no effect at all. Brilliant.
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Re:$700bn Bailout is shot down by House of Rep Vote (205-228... by jhancock on Tuesday September 30, 2008 @04:49AM (#319426)
uh...wrong. You cannot know if investor confidence will be stronger or weaker with this bailout. Time will tell and we only get to play it one way. There are no "do overs" here.
[ Parent | on HN ]