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Stocks plunge as $700B bank rescue fails in U.S. House
Final vote: 205-228 against.
The vote against the bank bailout in the House of Represenatives: 205 yea, 228 nay.
U.S. avoids "slippery slope to socialism," says U.S. Rep. Jeb Hensarling, who rallied opposition.
And the stock market heads down the slippery slope to Heck: the S&P 500 is off 7 percent.
Bloomberg story here.