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September 29, 2008

House Voting Underway. Failed?

Voting in the U.S. House of Representatives is underway on the financial services bailout bill, and it is a very tight thing. This is going to be brutally close.

Dow is tanking with it looking like a failed vote. Unbelievable.

I am told that people can switch until this is gaveled dead, which can be hours in some cases. Eleven votes needs to cross over, which strikes me as unlikely. Meanwhile, we have a wait on our hands, and the Dow dropped 700 points before coming back somewhat.

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