Monday, September 29, 2008

Bullet Points For What Happened To Our Economy/Financial Market Today

So... just in case you've been hiding under a rock, here are the basics.
  • That compromise bailout plan intended to save the economy? Yeah, it failed.

  • The Dow proceeded to drop 778 points, the largest one-day loss in nearly 2 decades. Many people just kissed their asses and life savings goodbye.

  • Republicans blame Nancy Pelosi for giving an offensive speech before the vote, which included partisan remarks like recognizing that Bush inherited surpluses and now the economy sucks.

  • Citigroup just bought out Wachovia's banking sector, eliminating more competition.

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