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

So Much For a Bailout Rally

The Closing Bell:

The Dow finished the day down 1.5 percent, or 157 points.

It was not any better for the Nasdaq, which closed down 1.5 percent, or 29 points.

The S&P 500 closed down 1.3 percent, or 15 points.

-- Michael S. Rosenwald

By Michael S. Rosenwald  |  October 3, 2008; 4:10 PM ET
Categories:  The Ticker  
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Next: Changing of the Minds

Comments

Yeah all those congressmen were voting to protect mom and pop's 401K account! Wait till they have to explain the next 1000 point drop in the Dow on the campaign trail. LOL!

Bet now open: How long before the 700 big ones are gone and they come back for more?

My guess: Three and a half months.

Posted by: Anonymous | October 3, 1908 4:19 PM | Report abuse

They get our money and will continue to suck down our 401K funds. Thank you so much baby boomers. You have ruined America and shamed your legacy. "The greediest generation"

Posted by: Mike | October 3, 1908 5:23 PM | Report abuse

This bailout is a travesty - and our representatives are not accountable to us. Their only obligations are to the sources of money that feed them, and it's time we take back our democracy!

We are all to blame for this - our representatives have no obligation to listen to us when we've demonstrated that we will not take action when they violate the law they've sworn to uphold.

If we had moved to impeach the President & Vice President for their illegal actions, our congress would have a reason to listen to us. It is not too late to take back our Democracy - but we need to act NOW!

Please read the impeachment articles, http://www.c-span.org/pdf/bush_impeach.pdf or http://en.wikipedia.org/wiki/Movement_to_impeach_George_W._Bush , and begin doing what we should have been doing a year ago.

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Posted by: vjillh | October 3, 1908 7:31 PM | Report abuse

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