September 30, 2008

Biggest Dow Jones Point Drop Ever

Here are today's headlines from the Wall Street Journal and the New York Times. The Dow fell 777 points, mainly on news the U.S. House of Representatives defeated the proposed $700 billion financial rescue package.


Creshae said...

Well, what do you expect? Especially in the world {or country} that we live in today. Now i can see why teachers in the edcational system tell there students "if one person does something wrong, we all have to pay for the consequences{something like that}." Thats a principle that we are going by in everyday life. And people like Fannie Mae and Freddie Mac dont even care.


Anonymous said...

I think that it's a smart decision that the House of Representatives mad on rejecting the $700 billion financial aid to the banks because it would lead the U.S. into a greater debt if this was brought into action and that the banks should've made wiser decisions about who they're loaning money to.

-Yer T.
Period 7