Has The Fiscal Cliff Brought Out The Stock Market Vigilantes?
- Friday, November 16, 2012, 2:01
- Market
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On September 29, 2008, two weeks after Lehman Brothers failed, the House of Representatives voted down the $700 billion bailout package known as TARP. The Dow Jones industrial average plunged 778 points that day, with traders aghast at the failure of lawmakers to approve a program that could prevent a collapse of the U.S. financial system.
http://www.forbes.com/sites/steveschaefer/2012/11/15/has-the-fiscal-cliff-brought-out-the-stock-market-vigilantes/
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