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Congress Rejects Bail-Out Plan
Posted By admin On September 29, 2008 @ 12:05 pm In Featured Stories | Comments Disabled
Sky News 
Monday, September 29, 2008
The House of Representatives has voted against the $700bn bail-out plan for the US economy – sending the Dow Jones plummeting.
The Dow Jones immediately crashed by 6% on the news.
Earlier, in London, banks including HBOS, Lloyds TSB and RBS were among the FTSE 100’s biggest fallers.
The index of the UK’s top 100 companies closed down 5.3% at 4818.8 – the lowest it’s been since April 2005.
As concerns about the bail-out grew, central banks agreed to pump an extra $630bn (£350bn) into the money markets to restore confidence in the system.
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 Sky News: http://uk.news.yahoo.com/skynews/20080929/twl-congress-rejects-bail-out-plan-3fd0ae9.html
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