The Dow Jones suffered extreme losses during Monday’s session. Following another failure-to-please regarding the proposed government bailout package, the index saw its heaviest ever one day decline, dropping 777 points. It appears that the warnings of Henry Paulson, and others who said that immediate action was needed, were largely ignored. This was met with a sigh of relief by the vast numbers of Americans who have been vehemently opposed to the plan from the start. At least for the time being, the bill is dead, and will most likely not receive a re-vote in its current form. The plan failed to pass by 24 votes.
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