The congressional defeat of the proposed bailout plan by the Treasury led to one of the worst stock market days in history.
The result was an elimination of trillions of dollars in shareholder wealth.
The main reasoning for the rejection of the plan was that ordinary taxpayers should not have to subsidize the fat cats over on Wall Street.
What Entrepreneurs Think About The Bailout Plan
Posted by
YEVF under News and Politics
From http://www.youngentrepreneur.com 1330 days ago
Made Hot by: on October 4, 2008 2:34 pm
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