Monday, September 29, 2008

House to Wall Street: Drop dead

Rex Nutting has the best line of the day on, about today's failure to get a bailout passed: "House to Wall Street: Drop dead" In the article Mr. Nutting correctly places the blame and/or credit with House Republicans for today's failure to get a deal.

His final two lines though I think correctly sum up where we are today, after the failure to pass the bailout bill.

Rejection of the plan means there's no political solution to this financial crisis on the horizon. As it now stands, the markets are on their own.

The next six weeks will tell whether the coup d'etat in the House on Monday has created a political crisis to match the financial one.

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