BREAKING NEWS: BAILOUT REJECTED!!!!

BAILOUT REJECTED

House Votes ‘No,’ 228-205; Stocks Plunge
House Rejects Bailout Package, 228-205; Stocks Plunge

Leaders Fail to Convert Opponents

By CARL HULSE and DAVID M. HERSZENHORN 20 minutes ago
In a moment of historic drama in the Capitol and on Wall Street, the House of Representatives voted on Monday to reject a $700 billion rescue of the financial industry.

Roll Call Post a Comment Read (438)
Dow Falls More Than 400 Points
By MICHAEL M. GRYNBAUM 34 minutes ago
The drop reinforced the fear coursing through Wall Street as investors wondered whether the bailout plan would eventually pass Congress.

Lehman to Sell Neuberger Unit for $2.15 Billion 12:31 PM ET

Ruth Fremson/The New York Times

Citigroup Buys Bank Operations of Wachovia
By ERIC DASH and ANDREW ROSS SORKIN 12:13 PM ET
The sale would further concentrate Americans’ bank deposits in the hands of just three banks: Bank of America, JPMorgan Chase and Citigroup.
Times Topics: Citigroup Wachovia
Oil Falls Sharply on Renewed Economic Fears
By JAD MOUAWAD 14 minutes ago
Crude oil futures fell $9.13 to $97.76 a barrel. They have lost more than $20 since last Monday.