BAILOUT FAILS, DOW PLUNGES
We have nothing to fear but fear itself. Ch'yah, okay....
WASHINGTON -- The House of Representatives delivered a stunning defeat to legislation designed to rescue the nation's troubled financial system, sweeping aside a call from President Bush to "send a strong signal" of confidence to markets at home and abroad. More at WSJ...
ALSO: Stocks began plummeting even before the House voted 228-205 to reject the bill. The Dow fell 705 points and then regained some ground. The stock barometer then settled into 400-500 point loss range. More at CBS News...