See What People Are Saying About... Rejecting Bailout


Monday will go down as one of the most important days in stock market history after the House rejected a $700 billion Wall Street bailout bill.

The plan would have given the Treasury Department up to $700 billion in buying power to acquire mortgage assets from troubled financial institutions.

More than a few viewers wrote to us ahead of the vote saying they were opposed to the intervention.

Beth O. said, "Congresspersons come on CNBC and say that their constituents are OVERWHELMINGLY AGAINST this bailout, and yet, they are still going to pass it. I hope they realize they're all going to be out of a job after the next election."

"Don't let them pass the Bailout Plan and hang the importance of it on Main Street. It's a Bailout for Wall Street period," added CJ.

However, some viewers including Joshua S. from North Carolina offered a different view, "I feel we need to remind viewers that we don't live in an actual democracy. We live in a democratic Republic. We vote on people to make decisions for us."

Joseph C. told us, "I have voted Republican my entire life, That has now ended."

And that leads to our Fast Money Reader Poll. Did lawmakers do the right thing by defeating the bailout?

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