NewsTalk

Welcome to the archives for NewsTalk, an IBJ blog published from November 2007 through December 2010.

Bloodbath on Wall Street

September 29, 2008
Thereâ??s no time like an election to make politicians nervous about taking a stand on a controversial issue, and this afternoonâ??s House vote on the $700 billion bailout plan is no exception.

Many Republicans and some Democrats, leery about facing voters disgusted with Wall Street excesses, turned down the package â?? and the markets responded with a massive sell-off.

Whatâ??s your take? Are opponents doing the right thing? And to what extent do you believe their votes were driven by fear of an angry electorate or principled opposition to a plan they feel rewards people who took foolish risks?
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