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Explaining the Failure of the Bailout

EPISODE · Sep 29, 2008 · 5 MIN

Explaining the Failure of the Bailout

from Financial 411 · host WNYC

New York, NY — On Wall Street, the Dow closed with its biggest drop ever today -- it plunged more than 735 point, after the failure of the financial bailout plan in the House. That's a nearly 7 percent drop for the Dow. Stunned traders on the floor of the New York Stock Exchange watched TV screens as the House voted down the plan this afternoon. Todd Zwillick of the Capitol News Connection was also watching, and he spoke with WNYC's Amy Eddings on All Things Considered.

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Explaining the Failure of the Bailout

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