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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

House Republican leadership "optimistic" after meeting

Republican leaders in the House just stepped out of a closed door meeting to declare they were "optimistic" that their membership would support the bailout bill this afternoon. While they wouldn't talk specific numbers, they said they were continuing to speak with the various factions of their membership. Eric Cantor (R-Va.) said middle-class Americans were beginning to see the impact of the credit crisis on their 401(k) plans and investments. Stay tuned: A vote could come between 12:30 p.m. and 1 p.m.

-- Michael S. Rosenwald

By Michael S. Rosenwald  |  October 3, 2008; 10:28 AM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: The Debate Has Begun; Hoyer Expects Vote Today
Next: From No to Yes


Those of us who invest in small caps need to pay attention to the vote tonight. If Congress fails to approve the bailout today look for more selling. If they do approve the bill the winners will be financials and housing. With the current economic outlook I don’t expect any bounce to last.

Posted by: macebruce | October 3, 1908 12:07 PM | Report abuse

hey macebruce,

thought this one was pretty intersting from that same site...


Posted by: j.b.wargo | October 3, 1908 2:39 PM | Report abuse

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