Monday, September 29, 2008

Re-Vote

After the bailout bill was turned down today in the house the markets plummeted. Nervousness is running wild on Wall Street. Hank Paulson just made a statement where he seems obviously frustrated and scared. This is not good news! Another bill can be brought to vote by the House Financial Services Committee headed by Barney Frank. However don't expect anything to happen in the next 2 days because of Rosh Hashanah. The problem with a re-vote is that people apparently opposed the bill today because they were ideologically against a bailout of hot shot Wall Street people. This leaves 2 options: A new bill with concessions from the Democrats or a dramatic change in constituents opinion on their connection to Wall Street. Either way we need to be quick and get something done now.

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