Financial Bailout Plan Hits A Wall

By | September 25, 2008

Today the market closed significantly higher due to the $700M bailout plans: Stocks rise on bailout hopes; credit remains tight

However, after the closed of the market today, there were problems with the bailout plan and an urgent meeting was called in Capitol Hill discuss the issues. The market index futures are pointing lower as investors lose confidence in the bailout plan. It will be interesting to see how this bailout plan works out. I think they would come up with some solution, even if it’s a patch, by tomorrow morning. There’s too much risk involved for doing nothing.

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