"With the economy on the brink and elections looming, Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it to President Bush for his certain signature. The final vote, 263-171 in the House, capped two weeks of tumult in Congress and on Wall Street, punctuated by daily warnings that the country confronted the gravest economic crisis since the Great Depression if lawmakers failed to act."
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11:27am - The bill passed and now the Dow Jones is down for the day after being up over 200 points before it passed. WTF?
1:15pm - Dow Jones closes today down 157 points or 1.5%. If the bailout doesn't lift up the market I don't know what will. They must be waiting to for future economic data and earnings reports to see proof that it works.
George Bush might as well pull a Michael Scott and do this in front of the world:
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