
It looks like the bailout plan didn't make it out of Congress today. To make matters worse the stock market dropped dramatically as investors reacted negatively to the failed plan. Apparently George Bush is looking to create a new plan to send back to the House ASAP. Yikes!! More after the click.
I know that a lot of experts say that the bailout plan is necessary, however I am not really sure if its going to be the magic pill that everyone is looking for. I am pretty wary of making tax payers subsidize the very same folks that f*cked up the economy in the first place. Seems like there might be some better options out there. We'll see what happens next.
Read more about the failed out bailout at the link.
http://money.cnn.com/2008/09/29/news/economy/bailout/index.htm?cnn=yes
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