The mother of all bailout plans.........USD700 Billion to save Wall St.....

The Dow Jones industrial average plunged as much as 705 points early Monday afternoon investors as the House failed to approve a proposed USD700 Billion US bailout aimed at stabilizing the US banking industry....used to buy up bad mortgage-related investments from banks who speculated on the housing market.

The money would be spent without any Congressional oversight or taxpayer accountability. Indeed, AhSi would considered that this is the largest transfer of power from the legislative branch to the executive branch in the history of all mankind.....its like given a blank cheque to the Treasury Secretary Hank Paulson and the Bush administration the freewill and retooling the economy as they see fit....totally not fair to the US people where their taxpaying money is being dump to the already rich and powerful banks from a crisis created by their own greed and immense profits...

It is indeed a dark period for everyone (THE WHOLE WORLD) that suffering from this economy crisis.....

*AhSi Apa Pun Boleh........... =)*