[Teacher317]

This isn't in response to the bailout. This is because the bailout took too long to agree on and too much damage was done in the mean time.

You're kidding, right? Stocks rose when it failed to pass, and dropped when it passed. The market didn't want this bailout at all. The bailout was a hand-out to politically correct organizations who handed out loans to underqualified people, to help their bottom lines look less horrible, despite the fact that they used PC nonsense rather than actuarial tables to make their decisions. Golden Parachutes for the Left, and nothing more... although our beloved Congresspersons needed another $200 billion in pork to get convinced to sign on.

Now we have a full scale panic on our hands.

Wait 48 hours, and tell me there's still a panic. Sheesh. Is your sky falling yet?

[Teacher317]

We’ve already had our first bounce... from 10:45 am to 11:15 am, the Dow went up 137 pts (from 9785 to 9922). The bottom isn’t far off. We’ll recover from this latest vast stupidity (or theft, depending on your viewpoint).

[Petronski]

Stocks rose when it failed to pass...

So false as to be ridiculous.

The market didn't want this bailout at all.

Ditto.

[DannyTN]

"Stocks rose when it failed to pass, and dropped when it passed."

No, the dow fell $1.2 Trillion when it failed to pass. Politicians came out and said it wasn't dead, and it got a dead cat bounce the next day where it regained half of its loss only to lose it the next two days. It fell when it passed, but because the credit markets were that much worse by that time, and it was announced a major insurer was about to fail. By the time we passed it, Europe was scrambling to react and was having banks fail.

We need to drastically improve education in America. It's clear to me most freepers don't understand banking or the economy. And freepers are light years ahead of the DU dummies.

[Syncro]

The bailout was a hand-out to politically correct organizations who handed out loans to underqualified people, to help their bottom lines look less horrible, despite the fact that they used PC nonsense rather than actuarial tables to make their decisions. Golden Parachutes for the Left, and nothing more... although our beloved Congresspersons needed another $200 billion in pork to get convinced to sign on.

Something is so wrong about all of that.

[expat_panama]

Stocks rose when it failed to pass, and dropped when it passed.

Everyone's free to make-up what ever history they like; it's a free country.

The history that I find easiest to see when I actually look at what's been happening is that when the vote was 'no', stocks went down then they went up.  When the vote was 'yes' the indexes when up then they went down.  During this whole time all the indexes have been in a fairly consistent downward trend.

Let's face it, the mortgage bailout isn't changing things any faster than the S&L bailout did --and that one was bigger than this one.  This one just seems bigger because people complain more during an election.