House Votes No On Bailout; ETFs, Stocks Sink
September 29, 2008 at 15:00 PM EDT
As the government’s $700 billion bailout plan failed to pass in the House, fear tore through Wall Street and exchange traded funds (ETFs). As the vote was shown on TV, stocks plunged as investors worried that the financial system would continue to collapse on failed mortgage debt, reports Tim Paradis for the Associated Press. Investors had [...]