Well as of now the bill did NOT pass. The vote is 10 short of passing and the DOW is down 680 points.
Looks like the house republicans are not going for this at all. Now what?
NEW YORK – Fear swept across the financial markets Monday, sending the Dow Jones industrials down as much as 705 points, as traders feared the financial bailout package would not pass the House.
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As the vote was shown on TV, stocks plunged and and investors fled to the safety of the credit markets, worrying that the financial system would keep sinking under the weight of failed mortgage debt.
The markets were highly volatile, with the Dow regaining ground to trade with a loss of about 360, then falling backing again, trading down about 480 at the 10,662 level.
With Wall Street nervous that the plan may not pass, the yield on the 3-month Treasury bill sank to 0.32 percent from 0.87 percent on Friday. That showed that investors were prepared to get meager returns on an investment as long as it was secure.