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Stocks Tumble as Bailout Plan Is Unveiled

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Post  LTRT Tue Feb 10, 2009 3:16 pm

Stocks Tumble as Bailout Plan Is Unveiled
Thanks Tim

US stocks fell sharply Tuesday in a broad-based decline as the government announced details of its latest bailout plan.

The Dow Jones Industrial Average was down nearly 300 points after Treasury Secretary Tim Geither revealed details of the bank-bailout plan. Earlier, the blue-chip index was down less than 100 points.

DJIA: -300.83
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Post  floridafun Wed Feb 11, 2009 12:05 pm

no surprise there...why should they want to change how they do things when it has been working so well for so many of them..regardless of how it impacted the rest of us!
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Post  Cincy Fan 44 Wed Feb 11, 2009 12:11 pm

Critics on CNBC last night were saying it was mainly due to the fact that Geithner didn't give details about the plan. They said that's what honked off Wall St.
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Post  Guest Wed Feb 11, 2009 12:54 pm

I've stopped paying attention to the markets. It's all a farce based on fake money.
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