Politics, Wall Street

FYI: The Bailout Is So Totally Off

By  
on

We like to think of ATL as a place where lawyers can get together and discuss the compelling news of the day.

Well, the news of the day is that Wall Street will apparently not be receiving $700 billion dollars to cover their bad investments. The House rejected the bailout plan. The Dow is down by over 400 points as of this writing. And I think I just saw Jimmy Stewart beating the crap out of Mr. Potter.

Really, anytime Robert Reich and Newt Gingrich are agreeing on television, times are strange.

If they’re not going to pass this bailout, then what do you think is going to happen?

This post serves as my official request to start receiving my paycheck in gold bullion.

Update (3:30 PM): The Dow is now down by over 700 points, just over 6 percent. The S&P 500 is now down by almost 100 points, just over 8 percent.

Bailout plan rejected [CNN]

Sponsored

Cantor Blames Pelosi, Boehner Blames Jews [Dealbreaker]

Sponsored

Topics