Reaction from Wall Street following the Bailout vote turned sour, the S&P which had risen as much as 3.6% ahead of the vote fell below 1.4% closing below its level on Monday.
The Dow Jones Industrial average fell 157.47 and NASDAQ was off 29.33 subsequent to the nationalizing of mortgages by Congress which was signed into law by the President.
Yesterday I wrote here that Members of Congress were being inundated with phone calls from their constituents that were
telling them to vote no on the Wall Street Bailout.
Isn't it nice that the General Elections are only a month away.
More here from Financial Times.com
Update: Drudge has a breakdown of the cost of the Wall Street Bailout
to the American Taxpayers here $17,064 minimum per household.
