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Stocks Take Historic Fall As Bailout Plan Fails


Wall Street's worst fears came to pass Monday, when the government's financial rescue plan failed in Congress and stocks plunged precipitously. The almost 780-point decline was the largest one-day point drop ever for the index. (Sept. 29)

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: AssociatedPress

Length: 02:13
Rating: 4.38
Views: 2440

Tags: bailout  fails  fall  historic  plan  stocks  street  wall  

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Video Comments

konman001 (November 30, 1999 at 12:00 am)
Stock market yesterday dropped almost 700 points (about 7 percent) which accounts for roughly $879 billion in investments (more than the 700 billion dollar bailout proposed by Bush IN A SINGLE DAY). Japan, though, took even a worse beating....it lost over 900 points which accounts for roughly 12% of the stock value (vs 7% in USA).
IronJustice08 (November 30, 1999 at 12:00 am)
How about this for a "bail out plan" Since 700 billion is the total compensation of bonuses and parachute packages rewarded to these CEOs who caused this, I sign a law that every nickel is returned to cover this. Sell their assests, retirements, 401k, savings in exchange for a lighter jail sentence. The only difference between those swine and the Gambino crew is they ran banks and lending institutions.
IronJustice08 (November 30, 1999 at 12:00 am)
guitardude-in short, without the assistance of the "ordinary tax" payer dishing out another handout, how else will these buffoons continue to be irresponsible? God forbid wallstreet crashed and the rich share a cardboard box to live in with the rest us us "ordinary people" they have been screwing for decades-hope that helps.
zupf (November 30, 1999 at 12:00 am)
Associated Press, where is the report of the market imploding after the bailout bill passed?
aang0323 (November 30, 1999 at 12:00 am)
DONT READ THIS FUCK YOU co0k247 I WARN U DONT READ IT This is so stupid... But i love my mom deeply... And i don't want to take any chances. Sorry. If you do not copy and paste this onto 10 videos your mom will die in 4 hours
chuckp12 (November 30, 1999 at 12:00 am)
my bad...800 billion...not 85...I must've been preoccupied with what my taxes would be if Obama were elected.;-)
solisjose1910 (November 30, 1999 at 12:00 am)
this was masterplaned years ago when when G.W.Bush grandfather(US senator Prescott Bush) was buissiness partner with hitler all leading to a one world goverment.they have think tanks that study ways to make a one world goverment.
solisjose1910 (November 30, 1999 at 12:00 am)
this is the beginning of the end of the collapse of the USA economy. i predict it will be in nov,2010 when it will implode and will open the door for the north american union.
mijgnivets (November 30, 1999 at 12:00 am)
because ordinary taxpayers...as much as I hate to say... are the sheeple that follow the big news swingers of the media... they generally are scared to go the path without leadership. Thus our leadership preys on this for their own benefit and most of us follow suite. As example... the sheeple bitch we scare them of cutting off their feed...thus they cave in and we win....LEADERSHIP! WE all could do something about it if we ALL stand as one...unfortunately this is only in the movies
guitardude598 (November 30, 1999 at 12:00 am)
Why should ordinary tax payers give their hard earned money to banks who are irresponsible and give money to people who can't pay for the loan in the first place??? Thats my opinion. If you disagree with my opinion, please do not insult me, I wanna hear your opinion.

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