Congressional lawmakers are pointing fingers over the failure to pass the largest bailout plan in history. Yet, at the White House, Deputy White House Press Secretary Tony Fratto is not assessing blame as House republicans rejected the $700 billion dollar bailout plan. The President and his economic team are continuing to assess their options for a quick and substantial fix to the worsening economic crisis. A direct result of the hill inaction hit the stock market with historic numbers. The Dow ended the day down 778 points.
The original bill had protections for the taxpayer and insurance for the illiquid mortgage assets. Meanwhile, Bush officials can not say for sure if this would be the end of the bailouts for the finance industry.
Do you think the government should bailout Wall Street with tax dollars? What do you think should happen to help the ailing American financial markets?