wachovia has 20k employees in charlotte and job losses are expected in the range of 3-4k. citigroup will move their retail ops to charlotte and some wachovia ops will go to wherever they are.

Dow Jones Industrial Average(DJI: ^DJI)
Index Value: 10,723.62
Trade Time: 2:09PM ET
Change: 358.17 (3.46%)
Prev Close: 10,365.45
Open: 10,371.58
Day's Range: 10371.42 - 10738.68
52wk Range: 10,403.80 - 14,280.00

As the November elections approach, lawmakers from both parties are under intense scrutiny -- and many were nervous about voting for a plan that risks so much taxpayer money without any definitive promise of success.

In the end, there were 205 votes cast in favor of the legislation and 228 against. Among Democrats, 140 voted in favor and 95 against. Among Republicans, 65 voted in favor and 133 against.

According to new analysis, banks and securities firms gave an average of 54% more over the past five years in campaign contributions to representatives who voted in favor of the rescue plan than to those who opposed it.

That analysis, from MAPLight.org, an online watchdog for the impact of political contributions on legislation, showed that representatives who voted for the plan received an average of $231,877, compared with $150,982 for those who voted against it.

Among Democrats, those in favor of the plan received an average of $212,700 each, almost twice the average of $107,993 for those who voted against it. Among Republicans, those who voted in favor received an average of $273,181 each -- 50% more than $181,688 for those who voted against the plan.

as always follow the money

follow the money, always follow the money

As the November elections approach, lawmakers from both parties are under intense scrutiny -- and many were nervous about voting for a plan that risks so much taxpayer money without any definitive promise of success.

In the end, there were 205 votes cast in favor of the legislation and 228 against. Among Democrats, 140 voted in favor and 95 against. Among Republicans, 65 voted in favor and 133 against.

According to new analysis, banks and securities firms gave an average of 54% more over the past five years in campaign contributions to representatives who voted in favor of the rescue plan than to those who opposed it.

That analysis, from MAPLight.org, an online watchdog for the impact of political contributions on legislation, showed that representatives who voted for the plan received an average of $231,877, compared with $150,982 for those who voted against it.

Among Democrats, those in favor of the plan received an average of $212,700 each, almost twice the average of $107,993 for those who voted against it. Among Republicans, those who voted in favor received an average of $273,181 each -- 50% more than $181,688 for those who voted against the plan.

UH Obama did too, nancy did too...

a fed investigation into freddie and fannie

obamas peeps from illinois voted no

congress takes a break during a critical, the US is over if we dont act within the hour crisis.

i love it...

Without more oversight and regulations expect more of the same.

again you want more power in the hands of the people who started this? incredible.

the dollar is gaining and yes demand is way down but if the markets dont correct themselves how is it they have hit all time highs?

if the wars arent over how are they lost?

so this is all his fault, no policies or adminstrations before him played a part, no dems stood in the way of reform?

she delivered on her promise to deliver the democratic vote.

the republicans failed their end of the deal.

news flash, if she delivered then it would have PASSED, YOU IDIOT.

again 95 dems said NO

George Bush has presided over the worst attack on US territory in our existence and the 2nd worst day in our economic history.

But he is not a failure.

#455 | Posted by truthhurts

geez, please, please have something better than that

glad i sold off my stocks and moved everyting into gold.

Gold (CMX)
December 08 ($US per Troy oz.) 894.40 +5.90

oh great, michael moore is chimming in, movie is in the works

So in other words, he's lying.....again......

#442 | Posted by briwo

he better not be lying in mizzu, obama will have you arrested.

But, they will pay any bribe, kill any person to make sure tha never happens. How the fuck do you think they ever got so rich in the first place, by paying their fair share????? ha ha ha

wow, i mean wow. what about all those super, the most richest people in the country in san fran obama clings to, nah cant mean them they are nice ol dems

Yeah--that's just what we need, is some good tax hikes to get us out of this mess. Not only is it sensible economic policy, but it's patriotic besides!

Wave the Flag! Send more money to Washington!

#423 | Posted by rightisright

obama has already said that it would not be smart to stop the bush tax cuts with an economy like this

No one liked this Republican Bill, seriously

look it, this is a golden opportunity for foreign investors to team with or go it alone, they will inject billions maybe even trillions of dollars into a walmart economy and turn it into saks profits

This is hysterical, righties are all over the place right now, they don't have a clue what they want to do.....

This is fun!!

LM

see you dont get it, this is what the righties wanted, we wanted this voted down, we call, we faxed we emailed our leaders and told them vote no!!! this is what we wanted, to let the markets correct this. why would you want the idiots that caused this to fix it?

danni,

mark it, the markets will begin a bullish recovery in jan. feb at the latest.

Looks like the market is going to take care of the problem anyways."

Huh???? How so??? the market continued to fall until closing. If it were open longer it would have fallen farther. Tomorrow might be a day most people may remember for the rest of their lives.

posted by you guessed it, danni.

the markets have always bounced back, and they will again.

Pelosi hurt my lil wimpy republitard feelings so I won't vote for the bill. Who cares how many lives I wreck because of this? I am a rightie who PROVES the US in USA only comes after me........

this bill doesnt and didnt help those in foreclosure or soon to be facing foreclosure. these peoples lives were wrecked by the people that engineered the reckless lending. hello.

It is obvious that with the melt down of Supply Side Economics which Republicans have pushed since Reagan....they are attempting to divert the blame....but it won't work even with all the talking points Rush and SEan can think of. When the dust settles Americans are going to realize just how very corrupt this administration has been and spinning won't work when folks are losing their homes and jobs.

you mean like the spinning of the books raines did, and barney franks, and the dems in the hearings that opposed regulations to freddie and fannie did, that kind of spinning?

the supply side would have worked fine if everyone buying a house would have been truly qualified to buy it.

Scooter, John "Oopsie I Poopsied" McCain was boasting as to how he brought the repubs together to support this bill before it failed - you gonna ingore that fact?

Personally, I don't think Obama or McCain can be blamed or credited for anything that goes on with this bill.

yeah mcdem looks stupid too, but see, the chosen one can do no wrong, all fall to their knee at his wisdom and whims, now if this went through the dems would have claimed all the credit seeing how the repubs skipped out on a meeting last week. the dems wanted the repubs name on this with them b/c when it felled it would be a bipartisan failure that is why they wouldnt voted on it alone

Ricky, de-regulation did not cause this but rather regulations requiring banks to make "affordable mortgages" available to low income folks. If everyone would pay their bill there would be no crisis.

Now, here's a question for the 401k experts. All of the money I have in my company's 401k is in bonds, no stocks. How much am I likely to lose come the dawn then? Keeping in mind there isn't that much in there to be perfectly honest, and I wasn't seeing it ever build up high enough to actually retire. I just want to figure out how much I'm saving, if any at all, because I stopped contributing a while back so I could pay more towards my outstanding debt.

are they EE bonds?