Bail! Bail! Bail!
The House is voting on the revised bailout economic recsue bill. CNN is live-streaming. 218 votes are needed. It looks like it may pass this time.
Investors trading in the Dow Jones, S&P 500, and Nasdaq certainly seem to think it's going to.
UPDATE: The bailout bill is good for pirates! Arrr!
UPDATE 2: It passed! Applause broke out moments ago, as the bill topped the magic number. It's now 226-143, with 65 who haven't voted yet. (I imagine a disproportionate share of those 65 will vote "no," now that they know it's safe to do so.)
UPDATE 3: 263-171 was the final vote. Those last 65 voted 37-28 in favor, which is only slightly off the overall ratio.
Meanwhile, stocks are actually going sharply down at the moment, which I confess I don't really understand.
Investors trading in the Dow Jones, S&P 500, and Nasdaq certainly seem to think it's going to.
UPDATE: The bailout bill is good for pirates! Arrr!
UPDATE 2: It passed! Applause broke out moments ago, as the bill topped the magic number. It's now 226-143, with 65 who haven't voted yet. (I imagine a disproportionate share of those 65 will vote "no," now that they know it's safe to do so.)
UPDATE 3: 263-171 was the final vote. Those last 65 voted 37-28 in favor, which is only slightly off the overall ratio.
Meanwhile, stocks are actually going sharply down at the moment, which I confess I don't really understand.
posted by Brendan Loy at
10/03/2008 01:11:00 PM
