The lower house of the US Congress have rejected the $700 billion bale out. What is odd is the number of Democrats (95) voted against it. This will make it difficult for Obama to point the blame at the Republicans and so probably won't affect the election. What is worrying is that the Dow Jones dropped heavily upon the news, and banks will be even more loath to lend money between themselves.
There will be a lot of worried people around the globe tonight.
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