This is a recap of this week's major news on Wall Street: 1. Following weekend long discussions on Capitol Hill, Wall Street began this week with high hopes.
Politicians in Washington had finally agreed on an acceptable rescue plan for the US financial system and the vote Monday would approve the bill, averting a recession and saving the US economy... right?
Right? WRONG! The bill was presented to the US House of Representatives and promptly voted down mid-day.
us house of representativesTop 10 News Items 9/29-10/3: Financial Rescue Plan Approved, Mar...StreetInsider.com News Articles Fri, 10/03/2008 - 15:10
$800 Billion Bailout Passes in HouseDigg - Business & Finance Fri, 10/03/2008 - 13:40
The US House of Representatives has voted by 263-171 in favour of a $700bn (£380bn) plan to rescue the US financial sector. |
