As I am posting, today's 777-point loss on the Dow is currently the largest point drop to date and as a percentage, it's still one of the larger drops ever(over 7%). Coincedentally, the price of oil also dropped (over $10...the largest ever); typically, oil fares well on bad days for stocks (since it is a tangible good, which is why gold is so expensive).
Anyways, what I wanted to ask ...what are everyone's thoughts/feelings on the whole "bailout" idea? Basically, I'm pretty disappointed that they worked all weekend to come up with something, only to shoot it down (although the fact that the nays were not completely partisan suggest maybe the plan may have been imperfect). One would think that the CURRENT Congress would want this done, rather than waiting 3 months; the economy can't wait that long just because some people want to save their seats in Congress.