House Defeats $700 Billion Bailout Bill, Dow's Drops 777 Points

While we convert our money into gold, porn, and cocaine, check out how local California house members voted on the bailout, which was defeated (29 in favor, 24 opposed) today. In favor: Nancy Pelosi (San Francisco), Jerry McNerney (Pleasanton), Jackie Speier (Hillsborough), Anna Eshoo (Menlo Park), Mike Honda (San Jose), and Zoe Lofgren (San Jose). Opposed: Barbara Lee (Oakland) and Pete Stark (Fremont). The bailout, ideally, would have rescued for the nation's dying financial industry. Oh, and be sure to read about the biggest point drop ever, which happened today, here.