Bailout vote

[RoyalShock]

The bill appears to be defeated, but Pelosi won't close voting even well after time expired.

It was interesting to watch the Dow during this. Of course, the timing of events is difficult to pin down, but here's what I saw: When the YEAs were winning, the Dow was dropping, fast, to the tune of 300-400 in just minutes. When the time expired and the NAYs looked to have won, it began to recover. Then after time expired and a couple of NAY votes changed to YEAs, it headed back down.

[C0|dB|00ded]

Unbelievable volatility. The Dow has moved back and forth from -350 to -625 in a matter of minutes.

This is very interesting to watch.

It's times like these that my choice to stay conservative investment-wise makes a lot of sense.. lol


T


...8)

[small tyme baller]

sad, simply sad. the house needs to pull their heads out... dems stop blaming reps and vice versa. if they don't pass something, the nation is going to be hurting.

[RoyalShock]

It looks like my timing of the events was off. The Dow stayed down. Of course, it will probably end up being an overreaction.

With more banks (worldwide) failing and being taken over by governments, things are just beginning to get interesting.

[RoyalShock]

It appears Tiahrt and Moran voted no.

[C0|dB|00ded]

Overreaction? Friend, you ain't seen nothin' yet. T-bill yield is scary. Gold isn't a bad idea right now... not to get rich, just to preserve wealth.

Wachovia -down 80% today, trading at 2.00.


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...8)

[C0|dB|00ded]

Dow low so far today was -700. Top 3 or 4 all time percentage-wise..


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...8)

[BostonWu]

Damn you would think Pelosi could keep her trap shut for just one day to get this bill passed which she is obviously behind. From the sounds of it her partisan speech pissed off just enough Republicans to strike down the bill (only needed 13 more votes).

[C0|dB|00ded]

Several reports stated that they knew the bill wouldn't pass an hour before the vote (her speech). Her speech didn't help but I agree with some of the democrats who said that her speech is being used as a scapegoat to help defray the negative press these repubs will certainly garner over their vote.

While I am a little shocked at the outcome, the economically educated side of me is pleased to see so many repubs still trust the market to handle the problem.


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...8)

[SB Shock]

While I am a little shocked at the outcome, the economically educated side of me is pleased to see so many repubs still trust the market to handle the problem.

There also a fair amount of democrats also.

[rrshock]

Is there a list of how each voted? I'd bet that there were quite a few Dems that voted NO and same for the Republicans voting YES.

[rayc]

http://www.nytimes.com/2008/09/30/business/30bailout.html?bl&ex=1222833600&en=78e47e85adbe5725&ei=5087%0A

The vote against the measure was 228 to 205, with 133 Republicans joining 95 Democrats in opposition. The bill was backed by 140 Democrats and 65 Republicans

[RoyalShock]

Is there a list of how each voted? I'd bet that there were quite a few Dems that voted NO and same for the Republicans voting YES.

http://www.campaignforliberty.com/blog/?p=647

[engrshock]

It would be interesting to see how the votes went per state. I would think that many of the aye votes were from urban areas where the real estate market is way down or where the stock markets are located and the nay votes are from the more rural areas.

[rrshock]

It would be interesting to see how the votes went per state. I would think that many of the aye votes were from urban areas where the real estate market is way down or where the stock markets are located and the nay votes are from the more rural areas.

I bet that you're right on the location of those Reps districts. Moore is from KC right? That would explain that.

I'm also glad to see that this wasn't a partisan thing either. Hopefully they will get something worked out. Or there are gonna be alot of cheap houses on the market with signs that say "For Sale By US Government"